# Bitcoin

> Bitcoin is an innovative payment network and a new kind of money.

Bitcoin is a decentralized digital currency network that allows users to send peer-to-peer payments and store value without intermediaries.

Bitcoin enables peer-to-peer transactions without intermediaries by using a distributed network of nodes to verify and record transactions on a public blockchain. Users can send value directly to others, store wealth in a self-custodial wallet, or participate in network security through mining. Its fixed supply of 21 million BTC and proof-of-work consensus mechanism distinguish it as a store of value and settlement network.

- Type: Network
- Sector: Blockchain Platforms
- Status: Active
- Founded: 2008-10-31
- Profile: https://thegrid.id/profiles/Bitcoin

## Products

- [Bitcoin Network](https://thegrid.id/profiles/Bitcoin): Bitcoin Network is a Layer 1 blockchain that orders and timestamps transactions through Proof-of-Work consensus, with miners adding blocks to a public distributed ledger. The system protects against double spending and historical tampering by requiring economic cost to extend or rewrite the chain. The network secures peer-to-peer transfers of BTC and underpins the broader Bitcoin asset ecosystem including Layer 2 networks like Lightning. (L1, Live, Main Product)

## Assets

- [Bitcoin (BTC)](https://thegrid.id/profiles/Bitcoin): BTC is the native cryptocurrency of the Bitcoin network. It is used for paying transaction fees, rewarding miners who secure the network, and peer-to-peer value transfer. BTC was the first digital currency to solve the double-spending problem without a trusted intermediary, with a hard-capped supply of 21 million coins. (Native)

## Links

- [Blog](https://bitcoin.org/en/blog)
- [Documentation](https://developer.bitcoin.org)
- [Whitepaper](https://bitcoin.org/bitcoin.pdf)
- [Main](https://bitcoin.org)
- [Privacy policy](https://bitcoin.org/en/privacy)
- [Forum](https://bitcointalk.org)
- [Terms of Service](https://bitcoin.org/en/legal)
- [Reddit](https://www.reddit.com/r/Bitcoin)
- [Twitter / X](https://x.com/Bitcoin)
- [GitHub](https://github.com/bitcoin)

## Legal

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Model 2 - commercial licenses. The Grid Data Service (TGDS) is also available as a commercial license. See [Web Services Terms](https://about.thegrid.id/legal/web-services-terms) for commercial use that is not covered by the open data service.

The following applies to both licensing models.
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- The Grid does not provide investment, legal, or tax advice, and
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- [Data Licensing & Disclaimers](https://about.thegrid.id/legal/data-licensing-and-disclaimers): Licensing models and disclaimers
- [Open Data (ODbL)](https://about.thegrid.id/legal/open-data): Open Database License terms and scope for The Grid's open data service.
- [Attribution Guidelines](https://about.thegrid.id/legal/open-data-attribution-guidelines): How to attribute The Grid's data when using the open data service.
- [Web Services Terms](https://about.thegrid.id/legal/web-services-terms): commercial Terms for using data services.
- [All Legal Documents](https://about.thegrid.id/legal): Full index of terms, policies, and disclosures

## Optional

- [TGS Field Descriptions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-field-descriptions.md): Schema field definitions for The Grid's data model
- [TGS JSON Structure](https://github.com/The-Grid-Data/workspace-public/blob/main/references/tgs-json-structure.md): Data model structure and relationships
- [Product Type Definitions](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-definitions.md): Definitions for each product type
- [Product Type Classification](https://github.com/The-Grid-Data/workspace-public/blob/main/references/product-type-classification.md): Guide for classifying products into types
- [Grid MCP Guide](https://github.com/The-Grid-Data/workspace-public/blob/main/grid-search/skills/grid-query/references/grid-mcp-guide.md): How to query The Grid programmatically via MCP