BTC is a common abbreviation for Bitcoin, a decentralized digital currency that is based on a distributed ledger technology called blockchain. Bitcoin was created in 2009 and was the first successful implementation of a blockchain-based cryptocurrency.
Bitcoin is decentralized, which means that it is not controlled by any government or financial institution. Instead, it is underpinned by a network of computers that work together to validate and record transactions on the blockchain.
Bitcoin is used as a medium of exchange and can be bought, sold, and traded on various online exchanges. It can be used to purchase goods and services from merchants who accept it as payment, and it can also be held as an investment.
The value of Bitcoin has been volatile, with significant price fluctuations over time. It has attracted significant attention from investors and has also been a subject of controversy due to its association with illicit activities.
Overall, BTC is a digital currency that has gained significant popularity and attention due to its decentralized nature and potential as an investment.
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