Bitcoin (symbols: BTC, XBT, ) is a cryptocurrency, invented by an anonymous individual or organization using the name Satoshi Nakamoto as open source software since 2009. Bitcoin can be exchanged directly using an Internet-connected device without going through an intermediary financial institution Bitcoin works differently than typical currencies: there is no central bank that manages it, and the system The system operates based on a peer-to-peer network protocol on the Internet. Bitcoin supply is automatic, limited, divided according to a predetermined schedule based on algorithms. Bitcoins are issued to Bitcoin "mining" computers as compensation for verifying Bitcoin transactions and recording them in a distributed ledger in a peer-to-peer network, via blockchain technology. This ledger uses Bitcoin as the unit of accounting. Each bitcoin can be divided into 100 million smaller units called satoshis.

Transaction fees may apply for new transactions depending on network resources. In addition to transaction fees, miners are also compensated for creating blocks containing transaction logs. Every 10 minutes, a new block is created with an allocated amount of Bitcoin. The number of bitcoins allocated per block depends on the network's uptime. In May 2020, 6.25 bitcoins were allocated per new block. The rate of inflation will halve to 3,125 bitcoins around May 2024 and continue to halve every four years until a total of 21 million Bitcoins are issued in 2140.#btc #lichsubitcoin $BTC