- Launched: 2009
- Creator: Satoshi Nakamoto (pseudonymous)
- Purpose: Bitcoin was the first cryptocurrency, designed as a peer-to-peer electronic cash system. Its primary goal is to offer decentralized, trustless transactions without intermediaries (e.g., banks).
- Features:
- Decentralized: Operates without a central authority.
- Limited Supply: Total supply capped at 21 million BTC.
- Proof of Work (PoW): Consensus mechanism used for validating transactions and securing the network.
- Use Cases: Store of value (digital gold), payment system, remittances, and investment asset.
- Status: The largest cryptocurrency by market capitalization and the most widely recognized.
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