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Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to be used as money and a means of payment that is not controlled by any one person, group, or organization, eliminating the need for third parties to participate in financial transactions. Bitcoin is rewarded by blockchain miners for their work in verifying transactions and can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers named Satoshi Nakamoto.
It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the creation of many other cryptocurrencies. These competitors are either trying to replace it as a payment system or are used as utility or value tokens in other blockchains and emerging financial technologies.
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