BTC, or Bitcoin, is the first decentralized cryptocurrency, introduced in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on blockchain technology, a distributed ledger system maintained by a network of nodes.
Key Features of Bitcoin:
1. Decentralization: No central authority or government controls Bitcoin.
2. Blockchain: Transactions are recorded in a public ledger, ensuring transparency and immutability.
3. Limited Supply: The maximum supply is capped at 21 million BTC, making it scarce and deflationary.
4. Mining: New BTC is created through a process called mining, where miners solve complex cryptographic puzzles to validate transactions and secure the network.
5. Anonymity: Transactions are pseudonymous, meaning they are tied to wallet addresses, not personal identities.
6. Global Accessibility: Bitcoin can be sent or received anywhere in the world without intermediaries.
7. Volatility: The price of Bitcoin is highly volatile and influenced by supply, demand, market sentiment, and macroeconomic factors.
Uses of Bitcoin:
1. Digital Asset: Often viewed as "digital gold" and used as a store of value.
2. Payments: Accepted by many merchants worldwide for goods and services.
3. Investment: Popular among traders and investors looking for high-risk, high-reward opportunities.
4. Remittances: Used to send money across borders quickly and cheaply.
Would you like to explore specific details like recent trends, mining, or trading?
