The first use of blockchain technology and a form of cryptocurrency. BTC is the abbreviation for Bitcoin, which Satoshi Nakamoto first issued in 2009.
A process known as mining generates bitcoins as a reward for their creation. They can be used to purchase goods and services in other currencies.
The governments of El Salvador and the Central African Republic have all adopted Bitcoin as legal tender. Ukraine has started to accept donations in bitcoin to help fund the country’s resistance to the Russian invasion.