#BTC
Cryptocurrency: BTC
Year of creation: 2009
Founder of the currency: Satoshi Nakamoto (pseudonym)
Country of currency founders: Unknown
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▎Quick overview of the project:
Bitcoin is considered the first decentralized digital currency, aiming to be a global cash alternative resistant to government manipulation and inflation.
▎Features:
• The oldest and strongest network: It has a strong reputation in the market.
• High security: Uses advanced encryption techniques to ensure transaction integrity.
• Limited supply: The maximum number of coins is capped at 21 million.
• Seen as "digital gold": Considered a store of value in tough times.
▎Disadvantages:
• Few transaction speeds: Transactions may be slower compared to some other cryptocurrencies.
• Sometimes high fees: Fees may increase during peak times.
• Does not support advanced smart contracts: Lacks some advanced features available on other networks.
▎Private audit companies in the project contract:
Open source development reviewed by a huge community of developers; there is no single specified auditing company.
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▎Important Note:
• The currency is deflationary (where the reward is reduced every 4 years).
• An inflationary bug occurred in 2010, and it was quickly patched, with no major protocol breaches recorded thereafter.
