Bitcoin stands as the pioneering and most widely recognized cryptocurrency
Cryptocurrencies represent digital or virtual assets employing cryptography to secure transactions and regulate the generation of new units
The smallest unit of Bitcoin is called a satoshi, equivalent to one hundred millionth of a single bitcoin (0.00000001 BTC), named after Satoshi Nakamoto
Mining a single Bitcoin typically takes around 10 minutes, though the duration varies based on mining difficulty and the number of participants
In the early days of 2009, it took less than a minute to mine a block.
However, with a growing number of miners and heightened competition, the average time to mine a block increased to 10 minutes.