Where does BTC stand for?

The Bitcoin network is maintained by a network of computers, known as miners, who verify and record transactions on a public ledger called the blockchain. This process ensures that all transactions are transparent and irreversible.

Bitcoin, abbreviated as BTC, represents a revolutionary concept in the world of finance. It is a decentralized digital currency, meaning it operates independently of any central authority or government.

BTCC, a leading cryptocurrency exchange, offers a range of services to facilitate the trading and storage of Bitcoin and other digital assets. These services include spot trading, futures trading, and secure wallet solutions.

As a cryptocurrency, Bitcoin exists solely in the digital realm, utilizing advanced encryption techniques to secure transactions and maintain the integrity of the network.

The primary purpose of Bitcoin is to serve as a medium of exchange, allowing individuals to send and receive funds without the need for intermediaries such as banks or financial institutions.