What is the name of Bitcoin currency?

Bitcoin, abbreviated as BTC, represents a revolutionary concept in the realm of finance.

It is categorized as a cryptocurrency, which essentially means it exists in a digital format and operates within a decentralized network.

For instance, in traditional systems, banks or other financial institutions often serve as intermediaries to facilitate transactions, verifying identities and ensuring the legitimacy of the exchange.

Unlike traditional currencies, Bitcoin is not controlled by any central authority, such as a government or financial institution.

The primary objective of Bitcoin is to function as a medium of exchange and store of value that operates independently of any singular person, group, or organization.