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Glossary

Bitcoin

Bitcoin is the world's first and most widely recognized cryptocurrency, created in 2009 by an anonymous individual or group using the pseudonym Satoshi Nakamoto. It operates on a decentralized peer-to-peer network, meaning transactions are verified and recorded by a global network of computers rather than by any bank or government. Instead of physical coins or bills, your bitcoins are stored as entries in a shared digital ledger called the blockchain, secured by cryptographic keys that only you control.

Bitcoin has a fixed maximum supply of 21 million coins, which is enforced by its protocol. New bitcoins are created through a process called mining, where computers compete to solve complex mathematical problems and are rewarded with newly issued bitcoin. This predictable, diminishing issuance schedule — combined with growing demand — has led many to view Bitcoin as a hedge against inflation and a digital store of value, often compared to gold.

For traders, Bitcoin is the most liquid cryptocurrency market in the world. It serves as the primary trading pair on most exchanges, meaning the performance of Bitcoin often influences the broader crypto market. Whether you are spot trading, using leverage, or building automated trading strategies, understanding Bitcoin's market structure, halving cycles, and on-chain metrics is foundational to participating in crypto markets.