Bitcoin

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Bitcoin is the first decentralized digital currency that was invented in 2008 by a group or a person known as satoshi Nakamoto and was implemented in 2009.

Satoshi Nakamoto is a Japanese group or unknown person that first implemented the first blockchain.

Nakamoto started writing the bitcoin code in 2007 and registered the domain name bitcoin.org in 2008 and created the website with that address.

On 2009 Nakamoto released version 0.1 of bitcoin software on sourceforge and launched the network by mining the genesis block of bitcoin which had a reward of 50 bitcoins.

Nakamoto and other developers continued collaboration on the bitcoin software till the mid of 2010 and made all the source code modifications before handing over the source code repository and network alert key to Gevin Andresen

Gevin Andresen is a developer of 3D graphics and virtual reality software and later in 2010 became involved with developing bitcoin products ,he later became the lead developer of the reference implementation for the bitcoin client software appointed by Nakamoto.Gevin Andresen founded the bitcoin foundation in 2012 to support the development of bitcoin currency.

Bitcoin is now a digital currency without a central bank or single administrator that be sent from one user to another on the peer to peer bitcoin network without the need of intermediaries.transactions are verified by network nodes through cryptography and recorded in the distributed ledger called blockchain.

Bitcoin can be used to exchange for other currencies,products and services.

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Bitcoin is the first decentralized digital currency developed by a group known as Satoshi Nakamoto in 2006 and introduced in 2009.

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Ok

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