#BTCBreaks110K

Sure! Here's a detailed overview of Bitcoin (BTC):

🔹 What is Bitcoin?

Bitcoin (BTC) is the first and most well-known cryptocurrency, launched in 2009 by an anonymous person or group under the pseudonym Satoshi Nakamoto. It's a decentralized digital currency that enables peer-to-peer transactions on a network without the need for a central authority like a bank.

🔹 Key Features

Blockchain Technology: Bitcoin transactions are recorded on a public ledger called the blockchain.

Decentralized: No single entity controls the Bitcoin network.

Limited Supply: There will only ever be 21 million bitcoins in existence.

Mining: New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems.

Halving: Roughly every 4 years, the reward for mining is halved, slowing the issuance of new BTC.

🔹 Technical Details

FeatureDetailTicker SymbolBTCBlockchainBitcoin BlockchainConsensus MechanismProof of Work (PoW)Block Time~10 minutesSupply Limit21 million BTCCurrent Circulating Supply~19.7 million BTC (as of 2025)AlgorithmSHA-256

🔹 Use Cases

Digital Gold: Store of value against inflation and economic instability.

Remittances: Send money across borders with low fees.

Hedge Asset: Often used as a hedge against traditional financial systems.

Online Payments: Some merchants accept Bitcoin directly.

🔹 Advantages

Low transaction fees