$BTC

"BTC Coin" is commonly known as Bitcoin (BTC), the world's first and most widely adopted cryptocurrency. It's a groundbreaking digital asset that has revolutionized how we think about money and financial transactions.

Here's a breakdown of what Bitcoin is and how it works:

What is Bitcoin?

* Decentralized Digital Currency: Unlike traditional currencies (like USD or EUR) issued and controlled by central banks and governments, Bitcoin operates on a decentralized network. This means no single entity has control over it, making it censorship-resistant and accessible to anyone with an internet connection.

* Peer-to-Peer System: Bitcoin allows users to send and receive money directly from one person to another (peer-to-peer) without the need for intermediaries like banks, payment processors, or other financial institutions.

* Blockchain Technology: Bitcoin is built on a technology called blockchain. Imagine a giant, public, and immutable digital ledger that records every Bitcoin transaction ever made. This ledger is distributed across thousands of computers (nodes) worldwide, making it incredibly secure and transparent. Once a transaction is added to the blockchain, it cannot be altered or reversed.

* Cryptography: Bitcoin uses advanced cryptography to secure transactions and verify the transfer of ownership. This ensures that only the rightful owner can spend their Bitcoins and prevents issues like "double-spending" (spending the same Bitcoin twice).

* Limited Supply: The total supply of Bitcoin is capped at 21 million coins. This scarcity, similar to precious metals like gold, is designed to make it a deflationary asset over time, meaning its value could increase as demand rises and supply remains fixed.