#BinanceHODLerHAEDAL Here's a detailed overview of Bitcoin (BTC):
Bitcoin Overview
- *Ticker Symbol:* BTC
- *Launch Date:* January 3, 2009
- *Founder:* Satoshi Nakamoto (pseudonymous)
- *Blockchain:* Decentralized, open-source
- *Consensus Mechanism:* Proof-of-Work (PoW)
Key Features
- *Limited Supply:* 21 million BTC
- *Decentralized:* No central authority controls transactions
- *Security:* Transactions are secured through cryptographic algorithms and a decentralized network of nodes
- *Pseudonymity:* Transactions can be made without revealing identities
Use Cases
- *Digital Store of Value:* BTC is often seen as a digital alternative to gold
- *Medium of Exchange:* BTC can be used for online transactions
- *Investment:* BTC is traded on various exchanges and can be held as an investment
#MarketPullback Technical Details
- *Block Time:* Approximately 10 minutes
- *Block Reward:* 3.125 BTC (halved approximately every 4 years)
- *Hash Function:* SHA-256
#GENIUSAct God Details (Interpretation)
If you're referring to Bitcoin being "digital gold" or a store of value, here are some details:
#BTCBreaksATH110K - *Store of Value:* Bitcoin's limited supply and decentralized nature make it an attractive store of value for some investors
- *Digital Gold:* Bitcoin's scarcity and durability have led to comparisons with gold
- *Adoption:* Bitcoin's growing adoption and recognition have contributed to its value and stability
