What is Bitcoin?
What is Bitcoin and Who Invented It? Bitcoin is the first decentralized cryptocurrency, introduced in 2009. It is a digital currency that operates without a central authority or government. Bitcoin transactions are recorded on a blockchain, a public ledger that ensures transparency and security One of the key features of Bitcoin is its decentralized nature, which allows users to make peer-to-peer transactions without relying on intermediaries like banks. The inventor of Bitcoin is known by the pseudonym "Satoshi Nakamoto." In 2008, Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," outlining the idea of a decentralized currency and its underlying blockchain technology In 2009, Nakamoto released the first version of the Bitcoin software and mined the first block, known as the "genesis block." Despite numerous speculations, the true identity of Satoshi Nakamoto remains unknown Various individuals and groups have been sug...