#StablecoinLaw Bitcoin (BTC) is the first decentralized cryptocurrency, created in 2008 by an unknown entity using the pseudonym Satoshi Nakamoto. It launched in 2009.

Here are some key characteristics of Bitcoin:

* Decentralized: Bitcoin operates on a peer-to-peer network without any central authority like a bank or government.

* Blockchain Technology: All Bitcoin transactions are recorded on a public, distributed ledger called the blockchain, secured by cryptography.

* Mining: New bitcoins are generated through a process called "mining," which involves powerful computers solving complex mathematical problems. This process also validates transactions.