#AIAndGameFiBoom $BTC Bitcoin (BTC) is the first and most well-known cryptocurrency, created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Here are some key details about Bitcoin:

▎Overview:

• Launch Date: January 3, 2009

• Creator: Satoshi Nakamoto

• Consensus Mechanism: Proof of Work (PoW)

• Supply Limit: 21 million BTC

• Block Time: Approximately 10 minutes

• Transaction Speed: Varies, but typically around 7 transactions per second (can be higher with layer 2 solutions)

▎Key Features:

1. Decentralization: Bitcoin operates on a decentralized network of nodes, meaning no single entity controls it.

2. Limited Supply: There will only ever be 21 million bitcoins, which creates scarcity.

3. Pseudonymity: Transactions are recorded on a public ledger (the blockchain), but the identities of the users are not directly tied to their wallet addresses.

4. Security: The Bitcoin network is secured through cryptography and a consensus mechanism that requires significant computational power to validate transactions.

▎Use Cases:

• Digital Currency: Bitcoin can be used for peer-to-peer transactions without the need for intermediaries like banks.

• Store of Value: Often referred to as "digital gold," many investors consider Bitcoin a hedge against inflation.

• Remittances: Bitcoin can be used for international money transfers, potentially reducing fees and transaction times compared to traditional methods.