$BTC BTC (Bitcoin) is the world's first and most well-known cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a decentralized, peer-to-peer network using blockchain technology.
Key Features of Bitcoin (BTC):
1. Decentralization: No central authority governs Bitcoin. Transactions are validated by a network of miners worldwide.
2. Limited Supply: Only 21 million BTC will ever be mined, creating scarcity.
3. Blockchain: A transparent, immutable ledger records all transactions.
4. Proof-of-Work (PoW): Miners solve cryptographic puzzles to validate transactions and earn BTC as rewards.
5. Global and Borderless: Bitcoin can be sent anywhere, bypassing traditional financial systems.
Current Uses:
Digital Gold: Often considered a store of value or hedge against inflation.
Payments: Used for peer-to-peer payments and by businesses that accept crypto.
Investment: Traded on exchanges as an asset for speculation or long-term holding.
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