#GENIUSActPass Bitcoin (BTC) is a decentralized digital currency, not subject to a central bank or a single administrative entity, and can be sent from one user to another over the Bitcoin peer-to-peer network without the need for intermediaries. Transactions are verified by network nodes using encryption and are recorded in a public distributed ledger called the blockchain. Bitcoin was invented by an unknown person or group using the name Satoshi Nakamoto and was released as open-source software in 2009.

The value of Bitcoin is determined by supply and demand, and its price fluctuates based on market trends, adoption rates, and regulatory developments.