Bitcoin (BTC) is the first and most well-known cryptocurrency, created to provide a decentralized and secure alternative to traditional financial systems. Since its inception in 2009, Bitcoin has paved the way for the broader cryptocurrency ecosystem, offering users the ability to make peer-to-peer transactions without the need for intermediaries like banks or governments.
WHAT IS BITCOIN (BTC)?
Bitcoin is a decentralized digital currency that operates on a peer-to-peer network, allowing for secure, borderless transactions without the need for intermediaries like banks. Launched in 2009 by an unknown creator (Satoshi Nakamoto), Bitcoin is the first cryptocurrency and remains the most well-known and valuable.
KEY FEATURES
Decentralization: Bitcoin operates on a decentralized network of computers, eliminating the need for a central authority like a bank or government.
Security: Bitcoin uses a robust cryptographic protocol known as proof-of-work, ensuring secure transactions and protecting the network from fraud and double-spending.
Limited Supply: Bitcoin has a capped supply of 21 million coins, creating scarcity and driving demand.
Transparency: Bitcoin’s blockchain is public, meaning every transaction is recorded on a distributed ledger, visible to anyone in the network.