BTC stands for Bitcoin, which is the first and most well-known cryptocurrency in the world.

๐Ÿช™ What is Bitcoin (BTC)?

Bitcoin is a type of digital currency that:

Is decentralized โ€” no bank or government controls it.

Works on a technology called blockchain, which is a public ledger of all transactions.

Was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto.

๐Ÿ”‘ Key Features:

FeatureDescriptionDecentralizedNo central authority; maintained by a global network of computers (miners).Limited SupplyMaximum 21 million BTC will ever exist.SecureUses cryptography to prevent fraud and hacking.TransparentAll transactions are publicly visible on the blockchain.Peer-to-peerYou can send BTC directly to another person without a bank or middleman.

๐Ÿ’ฐ Common Uses:

Investment (Store of value) โ€“ Some people call it โ€œdigital gold.โ€

Online payments โ€“ In places that accept BTC.

Trading โ€“ Bought and sold for profit on crypto exchanges.

โš ๏ธ Things to Keep in Mind:

BTCโ€™s price is very volatile โ€” it can rise or fall quickly.

Transactions are irreversible.

You need a crypto wallet to store and send BTC.

Let me know if you want help with:

How to buy BTC

How Bitcoin mining works

The difference between Bitcoin and other cryptocurrencies like Ethereum (ETH)