Bitcoin (BTC) is the pioneering decentralized cryptocurrency, introduced in 2008 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network, enabling secure digital transactions without the need for central authorities like banks. Instead, Bitcoin utilizes blockchain technology, a public, distributed ledger that records all transactions.
While initially conceived as a medium of exchange, Bitcoin has largely evolved into a store of value. Its creation and management are controlled through cryptography. As of today, May 31, 2025, the price of 1 Bitcoin is approximately $103,931.30 USD. Bitcoin's groundbreaking technology has inspired numerous other cryptocurrencies and continues to be a significant asset in the financial world.
