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BTC stands for Bitcoin, which is a decentralized digital currency. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin operates on a peer-to-peer network, meaning transactions can be conducted directly between users without the need for intermediaries like banks.
Bitcoin is based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers. It uses cryptographic techniques to secure transactions and control the creation of new units. Bitcoin transactions are verified by network nodes through cryptography and recorded on the blockchain.
One of the key features of Bitcoin is its limited supply. The total number of bitcoins that can ever exist is capped at 21 million. This scarcity has contributed to its value and made it a popular investment asset. Bitcoin can be bought, sold, and exchanged for other currencies on various online platforms called cryptocurrency exchanges.
Bitcoin's value has been known for its volatility, with significant price fluctuations occurring over time. It has gained attention as a potential store of value, digital currency, and speculative investment asset. Bitcoin's underlying technology, blockchain, has also inspired the development of numerous other cryptocurrencies and innovative applications beyond finance.
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Bitcoin is based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers. It uses cryptographic techniques to secure transactions and control the creation of new units. Bitcoin transactions are verified by network nodes through cryptography and recorded on the blockchain.
One of the key features of Bitcoin is its limited supply. The total number of bitcoins that can ever exist is capped at 21 million. This scarcity has contributed to its value and made it a popular investment asset. Bitcoin can be bought, sold, and exchanged for other currencies on various online platforms called cryptocurrency exchanges.
Bitcoin's value has been known for its volatility, with significant price fluctuations occurring over time. It has gained attention as a potential store of value, digital currency, and speculative investment asset. Bitcoin's underlying technology, blockchain, has also inspired the development of numerous other cryptocurrencies and innovative applications beyond finance.
[email protected]