#FollowTheLeadTrader BTC (Bitcoin) is a decentralized digital currency that operates without a central authority, such as a bank or government. It was created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto.
Key Features of BTC:
Decentralized – No single entity controls Bitcoin; it runs on a peer-to-peer network.
Blockchain Technology – Transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.
Limited Supply – Only 21 million BTC will ever exist, making it a scarce asset.
Mining – New Bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems.
Digital & Borderless – Can be sent and received globally without intermediaries.
Store of Value – Often referred to as "digital gold" due to its potential as an investment and hedge against inflation.
How is BTC Used?
Payments – Some businesses accept Bitcoin as a form of payment.
Investment – Many people buy and hold BTC as a long-term asset.
Remittances – Can be used to send money across borders with lower fees.
Smart Contracts & DeFi – Although Ethereum is more common for decentralized finance (DeFi), Bitcoin is also being used in smart contracts through second-layer solutions like Lightning Network.
Would you like to know how to buy, store, or invest in Bitcoin?
