Bitcoin (BTC)

About

Bitcoin (BTC) is the first and most widely recognized cryptocurrency, introduced in 2009 by the pseudonymous Satoshi Nakamoto. It operates on a decentralized network, allowing peer-to-peer transactions without the need for intermediaries like banks or governments. Bitcoin uses blockchain technology to record all transactions, ensuring transparency and security. The total supply of Bitcoin is capped at 21 million, preventing inflation. Bitcoin can be used as an investment vehicle, a store of value, or for transactions. It is divisible into smaller units called satoshis. New Bitcoins are created through a process called mining, where computers solve complex mathematical problems to validate transactions. Bitcoin's value is determined by supply and demand, leading to price volatility. It is widely traded on cryptocurrency exchanges and can be stored in digital wallets. Bitcoin's decentralized nature and security features have made it a foundational element in the broader cryptocurrency market.