$BTC Bitcoin (BTC) is the world’s first decentralized digital currency, launched in 2009 by an anonymous person or group known as Satoshi Nakamoto. Unlike traditional money, it operates without a central bank or a single administrator.
How It Works
Decentralization: No government or bank controls it. Transactions are verified by a global network of computers.
Blockchain Technology: Every transaction is recorded on a public, tamper-proof ledger called the Blockchain. This ensures transparency and security.
Mining: New Bitcoins are created through a process called "mining," where powerful hardware solves complex math problems to secure the network.
Limited Supply: There will only ever be 21 million Bitcoins. This scarcity is why many call it "Digital Gold."
Why People Use It
Peer-to-Peer: You can send money directly to anyone in the world without an intermediary.
Lower Fees: International transfers are often cheaper and faster than traditional wire transfers.
Investment: Many people buy Bitcoin hoping its value will increase over time.
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