Who invented Bitcoin
No one really knows for sure. But the person, or persons most directly responsible refers to him/her/themselves as Satoshi Nakamota.
The inventor, or inventors go by the name of Satoshi Nakamoto, a mysterious character (or characters) that many have tried to find, some more successfully than others.
A BRIEF HISTORY
In November 2008, a Currency called Bitcoin: A Peer-to-Peer Electronic Cash System. The author went by the name Satoshi Nakamoto, it was explained how the currency would work.A few months later, 2009, the software to create the currency was released, followed shortly by the first ever Coin to be mined on the network. This is typically referred to as the Genesis block.
WHAT WAS SO SPECIAL ABOUT IT?
Bitcoin did something that no Technology had been able to do before. It was:
- Decentralized - no-one person or group owned or controlled it.
- Trustless (peer-to-peer) - No more third parties were needed to conduct transactions.
- Borderless - money could be moved easily across the world without the need for exchanges.
- Immutabile - It can never be changed or reversed unlike today's financial systems.
- Prevented double-spending - it solved the problem many digital currencies had tried to crack before but failed to do so.
- It was the first proof-of-concept for a blockchain in action
Could Bitcoin really bring the financial Freedom we have always searched for. To many it's a new means of investing on your freedom.
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HOW CAN BITCOIN BE PRODUCED....
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