#CryptoReboundStrategy

Bitcoin (BTC) is a peer-to-peer cryptocurrency that serves as a medium of exchange separate from any central authority. BTC can be transferred electronically in a secure, verifiable, and permanent manner.

Launched in 2009, BTC was the first virtual currency to solve the double-spending problem by timestamping transactions before broadcasting them to all nodes on the Bitcoin network. The Bitcoin protocol offers a solution to the Byzantine Generals' Problem with blockchain network structures, an idea first coined by Stuart Haber and W. Scott Stornetta in 1991.

The Bitcoin whitepaper was published pseudonymously in 2008 by an individual or group of individuals under the pseudonym "Satoshi Nakamoto", a name whose true identity has not been verified.

The Bitcoin protocol uses a Proof-of-Work (PoW) algorithm based on SHA-256d to achieve network consensus. The network has a target block time of 10 minutes and a maximum supply of 21 million tokens with a decreasing token emission rate. To prevent block time fluctuations, the network block difficulty is readjusted through an algorithm based on the block time of 2016.

With a block size limit of 1 megabyte, the Bitcoin Protocol supports the Lightning Network, a second-layer infrastructure for payment channels, and Segregated Witness, a soft fork to increase the number of transactions in a block, as a solution for network scalability.