"The original crypto that started it all."
Before altcoins, NFTs, and DeFi, there was Bitcoin โ the pioneer that changed how we think about money.
๐ What is Bitcoin?
Bitcoin (BTC) is the first cryptocurrency, launched inย 2009ย by a mysterious creator who went by the name Satoshi Nakamoto.
Itโs a digital currency built on blockchain technology, allowing people to send and receive money without needing banks or middlemen.
๐ง Key Features:
๐ Decentralized: No central authority controls Bitcoin.
๐ Secure: Built using strong cryptographic principles.
๐ Peer-to-peer: Transfers happen directly between users.
โ๏ธ Mined using Proof of Work (PoW): Miners validate transactions and earn BTC.
๐ฐ Limited supply: Only 21 million BTC will ever exist, creating scarcity.
๐ก What Is Bitcoin Used For?
๐ธ Digital payments: Send money globally, fast
๐ฆ Store of value: Often called โdigital goldโ
๐ Buying goods/services: Some businesses accept BTC
๐ Investment asset: Traded on exchanges like Binance
โ ๏ธ Fun Fact:
The first real-world Bitcoin transaction was in 2010 โ someone paid 10,000 BTC for two pizzas.
Thatโs worth millions today! ๐
๐ References:
Binance Academy โ What is Bitcoin?
Investopedia โ Bitcoin (BTC)
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