$BTC
Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It operates on a decentralized, peer-to-peer network without the need for banks or intermediaries. Bitcoin transactions are verified by network nodes through cryptography and recorded on a public ledger called the blockchain.
Unlike traditional currencies, Bitcoin has a limited supply of 21 million coins, making it a scarce digital asset. It is often used as a store of value, a medium of exchange, and an investment asset. The process of creating new bitcoins is called mining, where powerful computers solve complex mathematical problems to add transactions to the blockchain.
Bitcoin has influenced the development of thousands of other cryptocurrencies and plays a crucial role in the broader digital economy. However, it faces challenges like scalability, regulatory scrutiny, and price volatility.
