$BTC Bitcoin (BTC) is the world's first and largest decentralized digital currency. Here's a breakdown of what it is and how it works:

What is Bitcoin?

Decentralized Digital Currency: Unlike traditional currencies (like USD or EUR) issued by central banks, Bitcoin operates on a peer-to-peer network without any central authority or single administrator. This means no government or financial institution controls it.

Cryptocurrency: It uses strong cryptography to secure transactions, control the creation of new units, and verify the transfer of assets.

Invented by Satoshi Nakamoto: Bitcoin was introduced in 2008 by an anonymous entity or group using the pseudonym Satoshi Nakamoto, and its open-source implementation was released in 2009.

Limited Supply: A key feature of Bitcoin is its finite supply, capped at 21 million coins. This scarcity is often compared to precious metals like gold.

Divisible: While there will only ever be 21 million Bitcoins, each Bitcoin is divisible into much smaller units called "satoshis" – 100 million satoshis make up one Bitcoin (0.00000001 BTC).

How Does Bitcoin Work?