$BTC
BTC stands for Bitcoin, the first and most well-known cryptocurrency. Here's a quick overview:
What is BTC (Bitcoin)?
Launched: 2009 by an anonymous person or group under the name Satoshi Nakamoto.
Purpose: A decentralized digital currency without the need for a central bank or government.
Supply: Capped at 21 million BTC.
Blockchain: Uses blockchain technology for secure and transparent peer-to-peer transactions.
Mining: New BTC are created through a process called mining, which involves solving complex math problems (Proof-of-Work).
Key Features
Decentralized: No central authority or government controls it.
Transparent: All transactions are recorded on a public ledger.
Limited Supply: Built-in scarcity to help maintain value.
Volatile: Known for big price swings — both up and down.
Use Cases
Store of value (often referred to as “digital gold”).
Medium of exchange for goods and services.
Hedge against inflation (though this is debated).
Speculative investment.
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