BTC stands for Bitcoin, which is the first and most well-known cryptocurrency in the world.
๐ช 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.
๐ 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.
๐ฐ Common Uses:
Investment (Store of value) โ Some people call it โdigital gold.โ
Online payments โ In places that accept BTC.
Trading โ Bought and sold for profit on crypto exchanges.
โ ๏ธ Things to Keep in Mind:
BTCโs 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)