The cryptocurrency known universally as Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009, when its implementation was released as open-source software. The word "bitcoin" was defined in a white paper published on October 31, 2008.
Many people believe Satoshi is Japanese however the ip address used to use this release was recorded in California. The bitcoin blockchain is a public ledger that records bitcoin transactions and is visible in real time for the public to see or audit. A network of communicating nodes running bitcoin software maintains the blockchain.
Bitcoin is a digital asset designed to work in peer-to-peer transactions as a currency. Satoshi created the cryptocurrency to help free top globe from the Dollar and other inflationary currencies. In 2008 you could get 4 Bitcoins for a penny. Today the coin is trending up around $24,000 but well below its all time high of $60k
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Bitcoin for Kids
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