A software developer, nicknamed Satoshi Nakamoto, introduced Bitcoin in 2008 as an electronic payment system based on mathematical proof. The idea behind Bitcoin was to create a needless exchange tool from a central authority that could be transmitted electronically, in a secure, authentic, and immutable way.
No one has ever been able to attribute Satoshi Nakamoto’s identity to a real person or group. The reason is that Nakamoto disappeared from the internet in 2011, leaving no clue as to his identity. In recent years, many people have claimed to be Satoshi, but no one has ever been able to substantiate that claim.
Why is Bitcoin Popular?
Bitcoins are used to purchase anonymous goods or services. Bitcoins also make international purchases easy and easy, since payments are no longer subject to specific laws or laws. Small businesses are also interested in it, as they don’t need any credit card fees. Some people view Bitcoin as an investment and hope that its value will increase.