what is $BTC

Bitcoin (BTC) is a decentralized digital currency that allows for peer-to-peer transactions without the need for a central authority or intermediary. It was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto.

Here are some key features of Bitcoin:

1. *Decentralized*: Bitcoin operates on a decentralized network, meaning that there is no central authority controlling it.

2. *Digital*: Bitcoin is a digital currency, existing only in electronic form.

3. *Limited supply*: The total supply of Bitcoin is capped at 21 million, which helps to prevent inflation.

4. *Blockchain*: Bitcoin transactions are recorded on a public ledger called the blockchain, which helps to ensure the integrity and security of the network.

5. *Cryptographic*: Bitcoin uses advanced cryptography to secure transactions and control the creation of new units.

6. *Open-source*: Bitcoin's underlying code is open-source, allowing developers to review and contribute to the project.

Bitcoin can be used for various purposes, including:

1. *Payments*: Bitcoin can be used to make purchases online and in-person.

2. *Investments*: Bitcoin is often used as a form of investment, similar to stocks or commodities.

3. *Remittances*: Bitcoin can be used to send money across borders without the need for intermediaries.

4. *Microtransactions*: Bitcoin's low transaction fees make it suitable for microtransactions, such as buying digital content.

Overall, Bitcoin is a unique and innovative form of currency that has the potential to disrupt traditional financial systems.