What is the so-called big pie in the currency circle?
The “big pie” in the currency circle refers specifically to Bitcoin (BTC). Due to its dominant position in the cryptocurrency market, it is likened to a huge “pie”. As a leader in the field of cryptocurrency, Bitcoin has the characteristics of decentralization, anonymity, limited supply, and globalization, and can be used as a store of value, payment tool, and investment asset.
Piece: Another name for Bitcoin
In the currency circle, the word "pie" specifically refers to Bitcoin (BTC). It is the first and best-known cryptocurrency, founded in 2009 by Satoshi Nakamoto.
The origin of the pie
The nickname "big pie" comes from the market value and influence of Bitcoin. In the cryptocurrency market, Bitcoin has long held the largest share and its market dominance is solid. Therefore, it has become a convention in the currency circle to compare it to a huge "pie".
Characteristics of Big Pie
As a leader in the field of cryptocurrency, Big Pie has the following characteristics:
- Decentralization: No need for control by any central organization, transactions are conducted directly between individuals.
- Anonymity: Transaction records will not be associated with real identities, providing a certain degree of privacy protection.
- Limited Supply: The total issuance of Bitcoin is limited to 21 million coins, making it scarce.
- Globalization: Can trade anywhere in the world without being restricted by national borders.
The role of pie
Piece as a cryptocurrency has the following roles:
- Store of value: Due to its limited supply and market demand, pie is considered a store of value .
- Payment Tools: can be used to make payments at merchants that accept cryptocurrencies.
- Investment assets: Due to its large price fluctuations, the pie has also become an object of speculation and investment.
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