$BTC

Bitcoin (BTC) is a decentralized digital currency that uses blockchain technology to record transactions on a public ledger. Key aspects of Bitcoin include ¹:

- *Decentralized Network*: Operates independently of central banks and governments, allowing peer-to-peer transactions without intermediaries.

- *Limited Supply*: Total supply capped at 21 million BTC, contributing to its value and scarcity.

- *Security*: Utilizes advanced cryptography for secure transactions and control of new unit creation.

- *Recovery Mechanism*: Wallet backups often rely on BIP 39 standard, using a 12-24 word mnemonic phrase for recovery.

Bitcoin's unique characteristics make it a popular investment option and store of value.