1. Bitcoin (BTC) is the world’s first cryptocurrency, and the largest by market capitalization. Since launching in 2009, Bitcoin has revolutionized payments with its innovation in blockchain technology, creating a global, borderless, secure, censorship-resistant, pseudonymous, permissionless and trustless medium of exchange. Bitcoin’s proof-of-work consensus mechanism makes the Bitcoin network the most secure in the world. When proper security measures are taken, a bitcoin wallet is effectively un-hackable. These features have contributed to an explosion in usage and popularity, and bitcoin has seen a massive influx of institutional and retail adoption, positioning itself as a brand-new asset class and a legitimate store of value.
Source: https://www.coindesk.com/markets/2022/08/09/understanding-the-currency-sector-in-coindesk-indices-dacs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines