Bitcoin (BTC) is the first decentralized digital asset that moves using peer-to-peer technology.
This digital asset, which was discovered by Satoshi Nakamoto in 2009, can be sent anywhere, anytime, and anywhere with just a device and an internet connection and is the most popular crypto asset.
Bitcoin uses a Blockchain database that cannot be controlled by any party, which means it is so open to the public that it is impossible to falsify transactions on the Blockchain that are recorded live, transparent, and spread over millions of servers.
Worldwide, the number of Bitcoin proclaimed reached 21 million Bitcoin. Satoshi Nakamoto first explained the theory behind Bitcoin in the book “Bitcoin: Bitcoin: Peer-to-Peer Electronic Cash System,” published on cryptographic websites on October 31, 2008.
In this paper, Satoshi describes a protocol (Proof of work) that will solve the “Double spending” problem inherent in non-physical (digital) currency.
The first block or better known as the “Genesis Block,” was first mined by Satoshi on January 3, 2009, with the text “The Times 03/Jan/2009 Chancellor on the brink of second bailout for banks” written into the coin base of the block to act as a timestamp and a rebuke to the economic instability caused by the widespread practice of fractional reserve banking.