$BTC

Bitcoin (BTC) is the first decentralized cryptocurrency, invented in 2008 by an unknown person known as Satoshi Nakamoto. It can be sent from one person to another over the Bitcoin network without the need for a third party. Bitcoin relies on encryption and is recorded in a distributed ledger called the blockchain.

*Characteristics of Bitcoin:*

- *Decentralization*: There is no central authority overseeing the network.

- *Encryption*: It relies on encryption to secure transactions.

- *Blockchain*: A distributed ledger that records all transactions.

*Uses of Bitcoin:*

- *Payments*: It can be used to purchase goods and services online.

- *Investment*: Many consider it a potential investment.

- *Transfers*: It can be used for cross-border transfers.

*Risks of Bitcoin:*

- *Volatility*: The price of Bitcoin fluctuates significantly.

- *High energy consumption*: Bitcoin mining consumes large amounts of electricity.$BTC