$BTC

Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2008 by an unknown person or group of people under the pseudonym Satoshi Nakamoto. It was introduced in a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System."

Key Facts About Bitcoin:

Launch Date: January 3, 2009

Maximum Supply: 21 million BTC (fixed limit)

Blockchain: Bitcoin operates on a decentralized blockchain secured by a proof-of-work (PoW) consensus mechanism.

Mining: New BTC are created through mining, where miners solve complex mathematical problems to validate transactions and secure the network.

Halving: Approximately every 4 years, the mining reward is halved to control inflation and ensure scarcity.

Why Bitcoin is Valuable:

1. Scarcity – The limited supply of 21 million BTC creates scarcity, driving value over time.

2. Decentralization – No central authority controls Bitcoin; it's governed by a network of nodes.

3. Security – The blockchain technology ensures transaction security and immutability.

4. Portability and Divisibility – Bitcoin can be divided into smaller units (up to 8 decimal places