What is bitcoin?

Who created bitcoin?

In October 2008, an unknown man/woman/group called Satoshi Nakomoto released a paper which would lay the foundation for . This shook the online community to its very foundations, for it was the first time we had a working model for digital currency.

In January 2009, the bitcoin network officially launched and a digital currency revolution was born. Bitcoin differed from earlier p2p systems because it was designed for everyone on the bitcoin network to have an economic incentive to “follow the rules”. It also solved the “double-spend” problem that had baffled computer scientists for years. More on the double-spend problem in the next section.