#BitcoinBounceBack The currency BTC is an abbreviation for Bitcoin, which is the first and most famous digital currency in the world. Bitcoin was created in 2009 by an unknown person or group under the pseudonym “Satoshi Nakamoto.” Bitcoin operates on a decentralized network called “Blockchain,” which is a public digital ledger where all transactions are recorded.
Bitcoin is characterized by several features such as:
1. Decentralization: It is not subject to the control of any government or financial institution.
2. Scarcity: There is a maximum limit to the number of Bitcoins that can be mined, which is 21 million.
3. Volatility: The price of Bitcoin can fluctuate significantly, making it a high-risk investment.
4. Fast transferability: Bitcoin can be sent and received online in just a few minutes.
If you have additional questions about how Bitcoin works or would like to know more about its uses, I can assist you!
