The BTC (short for "Bitcoin") is a digital currency that operates independently of any central bank or government. It was created in 2009 by an unknown person or group using the pseudonym "Satoshi Nakamoto". Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
BTC is often referred to as a decentralized or peer-to-peer currency, meaning that it allows for direct transactions between users without the need for an intermediary such as a bank or payment processor. It has gained popularity due to its lower transaction fees compared to traditional payment methods and its ability to be used across borders without the need for currency conversion.
As with any currency, the value of BTC fluctuates based on market demand and supply. BTC can be bought and sold on various online exchanges and can also be used to purchase goods and services from merchants who accept it as a form of payment.
Despite its growing popularity and use, there is still some uncertainty and controversy surrounding BTC, particularly in regards to its regulation and potential use in illegal activities.
BTC is often referred to as a decentralized or peer-to-peer currency, meaning that it allows for direct transactions between users without the need for an intermediary such as a bank or payment processor. It has gained popularity due to its lower transaction fees compared to traditional payment methods and its ability to be used across borders without the need for currency conversion.
As with any currency, the value of BTC fluctuates based on market demand and supply. BTC can be bought and sold on various online exchanges and can also be used to purchase goods and services from merchants who accept it as a form of payment.
Despite its growing popularity and use, there is still some uncertainty and controversy surrounding BTC, particularly in regards to its regulation and potential use in illegal activities.