$BTC
$BTC Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group known as Satoshi Nakamoto. It allows for peer-to-peer transactions without the need for intermediaries like banks.
Here are some key points about Bitcoin:
Blockchain Technology: $BTC operates on a blockchain, a public ledger that records all transactions in a secure and transparent manner. Each block contains a set of transactions and is linked to the previous block.
Mining: New bitcoins are created through a process called mining, where powerful computers solve complex mathematical problems. Miners validate and confirm transactions, and they are rewarded with bitcoins for their efforts.
Limited Supply: The total supply of Bitcoin is capped at 21 million coins, which helps create scarcity and can influence its value.
Volatility: Bitcoin's price is known for its volatility, often experiencing significant fluctuations in short periods. This can be influenced by market demand, regulatory news, and technological developments.
Use Cases: While originally created as a digital currency, Bitcoin is often seen as a store of value or "digital gold." It can also be used for online purchases, remittances,and as an investment asset
Security: Bitcoin transactions are secured by cryptographic techniques, making them difficult to counterfeit. However, exchanges and wallets can be vulnerable to hacks if not properly secured.
Legal Status: The legal status of Bitcoin varies by country. Some nations embrace it, while others impose restrictions or outright bans.
