$BTC Bitcoin (BTC) is the world's first and most well-known decentralized digital currency. Here's a breakdown of what that means and its current status:

What is Bitcoin?

* Decentralized Digital Currency: Unlike traditional currencies (like the US dollar or Euro) which are controlled by central banks, Bitcoin operates on a peer-to-peer network without any central authority. This means transactions happen directly between users.

* Blockchain Technology: All Bitcoin transactions are recorded on a public, distributed ledger called the blockchain. This distributed nature ensures transparency and security.