What Blockchain is BTC On?

Bitcoin (BTC) operates on its own blockchain, known as the Bitcoin blockchain. This blockchain is a decentralized, public ledger that records all Bitcoin transactions. It was introduced by an individual or group of individuals using the pseudonym Satoshi Nakamoto in 2008 and launched in 2009. The Bitcoin blockchain is based on a consensus mechanism called Proof of Work (PoW), which requires network participants, known as miners, to solve complex mathematical problems to validate transactions and secure the network. This process ensures that the blockchain remains immutable and resistant to tampering. The Bitcoin blockchain is notable for its first-mover advantage, having established the concept of a decentralized digital currency and blockchain technology. Its security, reliability, and decentralization have made it a benchmark for other cryptocurrencies and blockchain projects. In addition to supporting Bitcoin transactions, the blockchain also enables the issuance and transfer of Bitcoin tokens, which are used as a medium of exchange, a store of value, and a unit of account in the cryptocurrency ecosystem.