1. **Digital Nature:** Bitcoin is a purely digital currency, existing only in electronic form, and transactions are recorded on a decentralized blockchain.
2. **Decentralized System:** Bitcoin operates on a decentralized network of nodes, eliminating the need for a central authority like a government or bank.
3. **Limited Supply:** With a maximum cap of 21 million coins, Bitcoin is designed to be a deflationary currency, unlike traditional fiat currencies that can be printed in unlimited quantities.
4. **Mining Process:** Bitcoin is created through a process called mining, where powerful computers solve complex mathematical problems to validate transactions and add them to the blockchain.
5. **Anonymity and Transparency:** While transactions are transparent on the blockchain, users' identities are pseudonymous, adding a degree of privacy to the system.
6. **Volatility:** Bitcoin's value is highly volatile, with prices subject to rapid and unpredictable fluctuations.
7. **Global Accessibility:** Bitcoin can be accessed and used globally, allowing for borderless transactions without the need for traditional banking infrastructure.
8. **Divisibility:** Each Bitcoin is divisible into smaller units called satoshis, enabling microtransactions and flexibility in usage.
9. **Security:** The blockchain's cryptographic principles provide a secure and tamper-resistant ledger, making it resistant to fraud and hacking.
10. **Store of Value and Medium of Exchange:** Bitcoin is often seen as both a store of value, akin to gold, and a potential medium of exchange, though its use as a daily currency is still evolving.
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