Bitcoin

Bitcoin (₿) is a Cryptocurrency. It is a decentralized digital currency that doesn’t rely on a single administrator or central bank. Bitcoin can be sent directly from one user to another user on the peer-to-peer bitcoin network without the need for intermediaries.

Bitcoin was first proposed on January 9th, 2009, when pseudonymous person or group of people Satoshi Nakamoto released the white paper, “Bitcoin: A Peer-to-Peer Electronic Cash System.”

Since Bitcoin’s inception in 2019, it has been forked (see “fork”) numerous times into a variety of networks with different names. Despite these forks, Bitcoin (BTC) prevails.

Resources

• White Paper: “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto

• Bitcoin Foundation

• A Map of Bitcoin’s Forks - Visual Capitalist