Bitcoin (BTC)
Bitcoin is a decentralized digital currency that allows for peer-to-peer transactions without the need for intermediaries like banks. It was created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto.
Key Characteristics:
1. *Decentralized*: Bitcoin operates on a decentralized network, meaning no single entity controls it.
2. *Digital*: Bitcoin exists only in digital form.
3. *Limited Supply*: The total supply of Bitcoin is capped at 21 million.
4. *Blockchain*: Bitcoin's transactions are recorded on a public ledger called the blockchain.
5. *Cryptographic*: Bitcoin uses advanced cryptography to secure transactions and control the creation of new units.
Uses:
1. *Payments*: Bitcoin can be used to make purchases online and in-store.
2. *Investment*: Bitcoin is often used as a store of value and a speculative investment.
3. *Remittances*: Bitcoin can be used to send money across borders without intermediaries.
I hope this helps!
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