Trade BTC with Leverage
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- Intro
- Bitcoin (BTC) is the world's first decentralized cryptocurrency, introduced in a 2008 whitepaper authored by an anonymous entity known as Satoshi Nakamoto. Launched officially in January 2009, Bitcoin revolutionized the financial landscape by enabling peer-to-peer transactions without the need for intermediaries like banks or financial institutions.
Bitcoin transactions occur directly between users, with no central authority overseeing the process. This eliminates the need for trust in third parties, providing users with greater control over their finances.
Bitcoin operates on a decentralized network, a distributed ledger that records all transactions immutably. This blockchain is secured through a consensus mechanism known as Proof of Work (PoW), wherein miners compete to validate transactions and add them to the blockchain, which allows anyone to monitor transactions. This process ensures the integrity and security of the network, making it resistant to fraud and manipulation.
Bitcoin's fundamental properties include its finite supply and divisibility. With a maximum supply cap of 21 million coins, Bitcoin is designed to be deflationary, making it a scarce digital asset. Its divisibility allows for transactions of fractions of a Bitcoin, with the smallest unit known as a "satoshi."
The pioneer of cryptocurrency and also the largest cryptocurrency by market capitalization, Bitcoin has garnered significant adoption and attention, spawning a global community of enthusiasts and inspiring the development of thousands of other cryptocurrencies. It is often referred to as digital gold due to its store of value properties and potential for long-term utility.