#binnceturns8 **Bitcoin (BTC)** is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. It operates on a decentralized network using blockchain technology, allowing peer-to-peer transactions without the need for intermediaries like banks. Bitcoin is limited to 21 million coins, which makes it scarce and often compared to digital gold. It can be used for online purchases, investment, or as a store of value. BTC transactions are secured through cryptographic algorithms and verified by miners. Bitcoin has influenced the rise of thousands of other cryptocurrencies and transformed the world of finance.