A Brief History of Bitcoin
On January 3, 2009, a pseudonymous genius named Satoshi Nakamoto officially invented Bitcoin. Whoever this mystery person or group is, they managed to create the world's first cryptocurrency that would soon change everything as we know it.
On January 3, 2009, a pseudonymous genius named Satoshi Nakamoto officially invented Bitcoin. Whoever this mystery person or group is, they managed to create the world's first cryptocurrency that would soon change everything as we know it.
Formally defined, Bitcoin (capital ‘B’) is a global, borderless, decentralized protocol that enables the peer-to-peer exchange of the bitcoin currency (lowercase ‘b’), which has a fixed max supply and a known, decreasing issuance rate.
It allows us to send money to anyone, anywhere in the world, without the need for an intermediary.
Bitcoin doesn’t aim to do anything innovative — rather, it offers an improved alternative to the existing inequitable, inaccessible, and inflationary financial system. By decentralizing finance, bitcoin simplifies a system so complex that it locks out nearly two billion people worldwide and offers an alternative permission-less network that anyone can be a part of.
