What is BTC

 BTC is the abbreviation for Bitcoin, a decentralized digital currency that uses cryptography to secure financial transactions. It is the first decentralized digital currency, as the system works without a central bank or single administrator. Transactions take place between users directly, without an intermediary, and are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was created by an unknown person or group of people using the name Satoshi Nakamoto and was released as an open-source software in 2009.

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