INTRODUCTION

THE BIRTH AND EVOLUTION OF BITCOIN

The idea of Bitcoin was created by an anonymous programmer who goes by the name “Satoshi Nakamoto.” The idea came to this person back in 2008, when the world economy was looking at a major recession. Satoshi first registered the bitcoin.org domain name then went on to release a paper about Bitcoin in October of 2008. They wanted to come up with a new currency that held onto the good points of previous currencies – divisibility, portability, durability, uniformity, quality and scarcity.

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