Assets, Bitcoin

Who Started Bitcoin?

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.

Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, and started in 2009 when its source code was released as open-source software.

NOTE: WARNING: The origins of Bitcoin remain unknown and the identity of its creator is highly contested. There is no single answer to the question “Who Started Bitcoin?”, and it is important to exercise caution when researching this topic. Be aware that various sources may contain false or misleading information, and never trust any single source when researching this topic.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.

9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.

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