#ListedCompaniesAltcoinTreasury BTC is the ticker symbol for Bitcoin, the world's first decentralized cryptocurrency. It is a form of digital money that operates on a peer-to-peer network, allowing users to send and receive payments without the need for a central authority like a bank.
Bitcoin basics
Decentralized: Unlike government-issued or "fiat" currencies, Bitcoin is not controlled by a central bank or single administrator. The network is maintained by a global collection of computers, or "nodes," that collectively manage and verify transactions.
Blockchain technology: All Bitcoin transactions are recorded on a public, digital ledger called a blockchain. The ledger is distributed across the entire network, making it transparent and resistant to tampering.
Mining: New bitcoins are introduced into circulation through a process called "mining". Miners use specialized computer hardware to solve complex mathematical puzzles, and the first one to do so gets to add a new "block" of transactions to the blockchain. As a reward, they receive newly minted bitcoins and transaction fees.
Fixed supply: The total supply of Bitcoin is capped at 21 million coins, which is a key feature that makes it scarce and sometimes compared to a digital version of gold.
Divisibility: While a single Bitcoin can be a large unit of value, it is divisible into much smaller units called "satoshis" (or "sats"). Each satoshi is equal to 0.00000001 BTC.
Bitcoin basics
Decentralized: Unlike government-issued or "fiat" currencies, Bitcoin is not controlled by a central bank or single administrator. The network is maintained by a global collection of computers, or "nodes," that collectively manage and verify transactions.
Blockchain technology: All Bitcoin transactions are recorded on a public, digital ledger called a blockchain. The ledger is distributed across the entire network, making it transparent and resistant to tampering.
Mining: New bitcoins are introduced into circulation through a process called "mining". Miners use specialized computer hardware to solve complex mathematical puzzles, and the first one to do so gets to add a new "block" of transactions to the blockchain. As a reward, they receive newly minted bitcoins and transaction fees.
Fixed supply: The total supply of Bitcoin is capped at 21 million coins, which is a key feature that makes it scarce and sometimes compared to a digital version of gold.
Divisibility: While a single Bitcoin can be a large unit of value, it is divisible into much smaller units called "satoshis" (or "sats"). Each satoshi is equal to 0.00000001 BTC.