BTC usually refers to Bitcoin, the first and largest cryptocurrency by market value.wikipedia+1
Basic meaning
- BTC is the ticker symbol and common abbreviation used on exchanges and charts for Bitcoin.coinbase
- Bitcoin is a decentralized digital currency that allows peer-to-peer value transfer over the internet without banks or governments.bitcoin+1
Key characteristics
- Decentralized: No central authority controls the network; it runs on many independent computers (nodes) worldwide.wikipedia+1
- Blockchain-based: All transactions are recorded on a public, distributed ledger called the blockchain, which anyone can inspect.newscientist+1
- Limited supply: The protocol caps total Bitcoin supply at 21 million coins, which contributes to its use as a potential store of value.kraken
Main uses
- Digital money for sending value globally, often faster and with fewer intermediaries than traditional systems.bitcoin+1
- Speculative investment and “digital gold”-style asset held for its scarcity and independence from traditional monetary policy.gemini+1
If you want, an explanation can be tailored next to how BTC works technically (mining, wallets, addresses, etc.) or its role in the wider crypto market.
- https://en.wikipedia.org/wiki/Bitcoin
- https://www.investopedia.com/terms/b/bitcoin.asp
- https://bitcoin.org
- https://www.coinbase.com/learn/crypto-basics/what-is-bitcoin
- https://www.kraken.com/learn/what-is-bitcoin-btc
- https://www.gemini.com/cryptopedia/bitcoin-for-dummies-how-does-bitcoin-work-blockchain-btc
- https://www.newscientist.com/definition/bitcoin/
- https://www.blockpit.io/blog/what-is-bitcoin
- https://finance.yahoo.com/personal-finance/investing/article/what-is-bitcoin-130000730.html
- https://www.bbc.co.uk/bitesize/articles/zfsvy9q