What is the full form of GDC coin?

Bitcoin, abbreviated as BTC and represented by the symbol ₿, holds the distinction of being the pioneering decentralized cryptocurrency. It revolutionized the digital financial landscape by introducing a novel system of transaction verification and recording.

Notably, the blockchain operates without the need for a central authority or intermediary. This characteristic eliminates the risk of a single point of failure and enables Bitcoin to function independently, making it a truly decentralized currency.

The backbone of Bitcoin's operation lies in its peer-to-peer network, where nodes collaborate seamlessly. These nodes are responsible for validating the authenticity of transactions through intricate cryptographic methods.

The validation process ensures that no fraudulent activities can infiltrate the system, maintaining its integrity and security. Once a transaction is deemed legitimate, it is inscribed in a public ledger known as the blockchain.

The blockchain serves as a decentralized, tamper-proof record of all Bitcoin transactions. It is accessible to anyone within the network, fostering transparency and accountability in the system.