Bitcoin is a popular worldwide / global decentralized digital currency ( number 1 by Coin Market Cap ), often referred to as crypto currency or a digital asset or a blockchain asset, Bitcoin operates on a peer-to-peer network without the need for a central authority or entity, central organization or intermediary. It was invented in 2008 by an unknown person or group of people using the pseudonym Satoshi Nakamoto ( pronounced Sat-Toshi Naka-moto ) and was released as open-source software in 2009.
Bitcoin ( and commonly called $BTC ) transactions are recorded on a public ledger called the blockchain, which ensures transparency and security.
Bitcoin: A revolutionary digital asset with a max supply of 21 million.
Unlike traditional fiat currencies issued by governments, Bitcoin is not controlled by any single entity. Instead, it relies on cryptographic techniques to secure transactions and regulate the creation of new units. This process, known as mining, involves solving complex mathematical puzzles, and miners are rewarded with newly created bitcoins for their efforts.
Bitcoin has gained significant attention and adoption since its inception, with its value fluctuating widely over the years. Many see BTC is as a hedge against inflation ( which it currently is ) and a store of value, while critics cite concerns about its volatility, scalability, and potential for use in illicit activities. Despite these challenges, Bitcoin has sparked a broader discussion about the future of money and the role of decentralized technologies.
Tokenomics:
Deflationary blockchain coin with a max supply of 21 million coins ( there will never be more than 21 million in its lifetime making it extremely scarce ).
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