Bitcoin operates on a protocol that implements a public, permanent, and decentralized ledger. This ledger, known as the blockchain, is the backbone of the entire network. The origins of Bitcoin can be traced back to 2008 when an individual or group operating under the pseudonym Satoshi Nakamoto introduced the cryptocurrency to the world.
Bitcoin, abbreviated as BTC, has changed the way we perceive currency and introduced an era of decentralized digital transactions. The true beauty lies in its ability to enable peer-to-peer transactions without using intermediaries such as banks.
According to trading reports of June 23 2023, the cryptocurrency that witnessed a plummet in its price per coin in 2022, saw a jump to an All-Time-High of $30,000+ USD. This comes at a time when federal regulators are looking to clamp down on irregularities in the coin industry.