BTC
Bitcoin
Bitcoin (BTC) is the pioneering decentralized digital currency, operating on blockchain technology and cryptography. Unlike traditional fiat currencies controlled by central authorities, Bitcoin functions on a peer-to-peer network, enabling direct transactions without intermediaries.
Created by the mysterious Satoshi Nakamoto in 2009, Bitcoin operates through a distributed ledger system known as the blockchain. Transactions are validated and recorded by network nodes, removing the need for centralized verification.
Bitcoin mining, the process of validating transactions and adding them to the blockchain, is incentivized by rewards in newly minted bitcoins. This decentralized model ensures the integrity of transactions without reliance on a central authority, making Bitcoin a trusted medium of exchange and a store of value. Despite inherent risks, such as the potential for a 51% attack, Bitcoin remains a resilient and pioneering force in the world of digital currencies.
