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About Bitcoin (BTC)
Bitcoin is one of the most popular cryptocurrencies in the market. First introduced in 2009 by Satoshi Nakamoto, Bitcoin has held the number one spot in the crypto market’s according to market capitalization. Bitcoin paved the way for many existing altcoins in the market and marked a pivotal moment for digital payment solutions.
As the world’s first cryptocurrency, Bitcoin has come a long way in terms of its value. However, one does not have to buy an entire bitcoin as bitcoins can be divided into small units called satoshis, named after the creator. A satoshi is equivalent to 0.00000001 bitcoin.
There is no physical BTC token so Bitcoin operates as a digital currency. Bitcoin transactions are fully transparent and can’t be censored, providing a global, censorship-resistant medium for financial exchange. It’s a financial system backed by decentralized network of computers, known as ‘nodes’, instead of centralized banking or governmental entity, thereby promoting ‘decentralization’.