|
Bitcoin BTC |
BUY
|
|
£47071.81 |
-0.18% (24h) |
|
|
Marketcap |
||
|
£944,464,310,824 |
||
|
Volume 24h |
||
|
£10,621,630,598 |
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Description
Bitcoin (BTC) is the world's first decentralized digital currency, created in 2009 by the mysterious figure known as Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for traditional financial intermediaries like banks. The network is secured by a consensus mechanism called Proof of Work, where miners solve complex mathematical problems to validate transactions and earn new coins. Often referred to as "digital gold," Bitcoin is primarily used as a long-term store of value and a hedge against inflation.