Above: Mystery Founder Of Bitcoin: Uncovering The Identity Of Satoshi Nakamoto (The Founder Of Bitcoin).
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary such as a bank. These Bitcoin transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.
Bitcoins are created as a reward for a process known as Bitcoin mining. Bitcoins can be exchanged for other currencies, products, and services. Bitcoin can also be held as an investment, and experts agree that uncovering Satoshi Nakamoto’s identity could have an immense impact on bitcoin’s economics and internal politics.