What is BTC

Bitcoin (BTC) is a type of digital currency, also known as a cryptocurrency, that allows people to send and receive money over the internet without the need for banks or intermediaries. It was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. Bitcoin transactions are recorded on a decentralized public ledger called the blockchain, which ensures transparency and security. Unlike traditional money, BTC has a limited supply of 21 million coins, making it scarce and often considered a store of value. People use Bitcoin for online payments, investments, and as a hedge against inflation.