$BTC
BTC stands for **Bitcoin**, which is the first and most widely recognized cryptocurrency. It operates on a decentralized peer-to-peer network and is based on blockchain technology, enabling secure and transparent transactions without the need for intermediaries like banks. Bitcoin's symbol is **₿**, and it is often used as both a digital store of value and a medium of exchange.
The **BTC coin** refers to **Bitcoin**, the original cryptocurrency. It was created in 2008 by an anonymous person (or group) known as **Satoshi Nakamoto** and was launched in 2009. Bitcoin is a **peer-to-peer digital currency**, meaning it allows users to send and receive payments directly without the need for an intermediary, such as a bank or payment service. It operates on a decentralized network called the **Bitcoin blockchain**, which records all transactions securely and transparently.
Key features of **Bitcoin (BTC)**:
- **Decentralization**: Bitcoin operates on a decentralized network, meaning no single entity or government controls it.
- **Finite Supply**: There is a maximum supply of 21 million Bitcoins, making it a scarce asset.
- **Security**: Bitcoin transactions are secured by cryptography, making them nearly impossible to counterfeit or reverse.
- **Mining**: New Bitcoins are created through a process called **mining**, where powerful computers solve complex mathematical problems to verify transactions on the blockchain.
- **Store of Value**: Many people consider Bitcoin to be "digital gold" due to its potential as a hedge against inflation and its role as a store of value.
Bitcoin's ticker symbol is **BTC**, and it is traded on numerous cryptocurrency exchanges around the world.