#GameStopBitcoinReserve Bitcoin (BTC) Overview
Bitcoin is the first and most well-known cryptocurrency, launched in 2009 by an anonymous person or group using the pseudonym Satoshi Nakamoto. It operates on a decentralized network using blockchain technology, allowing secure, peer-to-peer transactions without the need for intermediaries like banks.
---
Key Features of Bitcoin
✔ Decentralized – No central authority controls Bitcoin. It operates on a global network of computers.
✔ Limited Supply – Only 21 million BTC will ever exist, making it a scarce digital asset.
✔ Blockchain Technology – Transactions are recorded on a transparent and immutable ledger.
✔ Mining Process – New bitcoins are created through a process called "mining," which involves solving complex mathematical problems.
✔ Store of Value – Often referred to as "digital gold," Bitcoin is considered a hedge against inflation and a store of value.
---
How Bitcoin Works
1. Transactions – Users send BTC to one another via unique addresses.
2. Mining – Miners validate transactions and add them to the blockchain.
3. Security – The network is secured by cryptography and a consensus mechanism called Proof-of-Work (PoW).
4. Wallets – Users store BTC in digital wallets (software or hardware-based).
---
Bitcoin's Use Cases
Investment & Trading – People buy BTC as a long-term investment or for short-term trading.
Payments – Some businesses accept Bitcoin for goods and services
