Bitcoin is a type of cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. Bitcoin is the first decentralized cryptocurrency, as the system works without a central bank or single administrator.
The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. .
Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its source code was released as open-source software.
NFTs are non-fungible tokens, which means each one is unique and cannot be replaced by another token. They are often used to represent digital assets such as art, music, or other forms of digital media.
Bitcoin is not an NFT because it is fungible, meaning each Bitcoin is interchangeable with another Bitcoin.