๐ Bitcoin (BTC): Knowledge Base Overview
Bitcoin (BTC) is the worldโs first decentralized digital currency, launched in 2009 by the pseudonymous creator Satoshi Nakamoto. It introduced the concept of peer-to-peer money without the need for banks or intermediaries.
๐ How Bitcoin Works
โ๏ธ Blockchain Technology
Bitcoin operates on a public, immutable blockchain where all transactions are transparently recorded and verified.
๐ง Proof-of-Work (PoW)
Bitcoin uses Proof-of-Work, where miners secure the network by validating transactions and adding new blocks.
๐ Security & Decentralization
Thousands of nodes worldwide make Bitcoin censorship-resistant and extremely difficult to attack or manipulate.
๐ Key Characteristics
Fixed supply: Maximum of 21 million BTC
Halving mechanism: Block rewards reduce every ~4 years
No central authority
Borderless & permissionless
๐ง Why Bitcoin Matters
Bitcoin is often called digital gold because of its: โ Scarcity
โ Security
โ Decentralization
โ Store-of-value properties
It serves as a hedge against inflation and a foundation asset for the entire crypto market.
๐ Big Picture
Bitcoin isnโt designed to move fast โ itโs designed to never stop.
In every market cycle, BTC remains the benchmark asset that sets the direction for the broader crypto ecosystem.
๐ Educational content | Not financial advice
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