$BTC
$BTC, or Bitcoin, is the first and most well-known cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto.
▎Key Features:
1. Decentralization: Bitcoin operates on a peer-to-peer network without a central authority, making it resistant to censorship and control.
2. Limited Supply: There will only ever be 21 million bitcoins, creating scarcity that drives demand.
3. Store of Value: Often referred to as "digital gold," Bitcoin is seen as a hedge against inflation and a store of value.
4. Security: Bitcoin transactions are secured through a process called mining, which involves solving complex mathematical problems.
5. Adoption: Widely accepted by merchants and institutions, Bitcoin has become a mainstream asset class.
6. Blockchain Technology: Transactions are recorded on a public ledger called the blockchain, ensuring transparency and security.
Overall, $BTC remains a foundational element of the cryptocurrency ecosystem and continues to influence the market significantly.