$BTC BTC (Bitcoin) is the first and most widely recognized cryptocurrency, and it plays a critical role in the crypto market. Here’s a quick overview:
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BTC – Bitcoin Overview:
1. What is BTC?
Bitcoin is a decentralized digital currency created by an unknown person or group of people under the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network without central authority (such as a bank or government).
2. Blockchain Technology:
Bitcoin transactions are recorded on a public ledger called the blockchain, which is immutable and transparent. Every transaction is verified by miners through a proof-of-work consensus mechanism.
3. BTC Supply Limit:
Bitcoin has a fixed supply of 21 million coins. This scarcity is one of the reasons it's often referred to as “digital gold.”
4. BTC Volatility:
BTC is known for its price fluctuations. It can make huge moves in short timeframes, which presents both risk and reward for traders and investors.
5. Why BTC Matters:
Store of Value: Seen by many as a hedge against inflation and economic uncertainty.