Bitcoin (BTC) is one of the first digital currencies to be created and has a significant influence on the global cryptocurrency market. In 2009, BTC was created by a group under the pseudonym Satoshi Nakamoto.
The launch of Bitcoin marked a significant turning point in the application of Blockchain technology in decentralized finance. BTC transactions are recorded on a blockchain and recognized by the majority of computers in the system. Unlike traditional currency, Bitcoin is not controlled by any regulatory agency, so it can decide its money supply.
According to a pre-determined algorithm, a maximum of 21 million BTC can be created through payment to "miners" who verify transactions. This makes it immune to inflation, and over time, as the demand for BTC increases, the price of each BTC also increases. However, BTC is known for its strong volatility due to the lack of state support for liquidity monitoring, making it a relatively high-risk currency.