#TrumpTariffs BTC is the ticker symbol for Bitcoin, the world's first decentralized cryptocurrency.
Here's a quick summary:
* What it is: Bitcoin is a digital currency that operates on a peer-to-peer network without a central authority like a bank or government. It uses cryptography to secure transactions and verify the creation of new units.
* How it works: Transactions are recorded on a public, distributed ledger called a blockchain. New bitcoins are created through a process called "mining," where powerful computers solve complex mathematical problems to validate transactions.
* Key characteristics:
* Decentralized: No single entity controls Bitcoin.