Hello, how are you friends? Jorge Crypto greets you and today I am going to explain you simple and basic way what is Bitcoin, the digital cryptocurrency So don't lose
Bitcoin is a decentralized cryptocurrency originally described in a whitepaper in 2008 by a person or group of people using the alias Satoshi Nakamoto, it was launched a little later in January 2009 Bitcoin is a peer-to-peer digital currency that which means that all transactions occur directly between the participants from the network, without the need for any intermediary Bitcoin was created in its own words by Nakamoto to allow online payments to be sent directly from a party to another without going through a financial institution And who are the founders of Bitcoin? The original inventor of Bitcoin is known by the pseudonym Satoshi Nakamoto, but to this day the true identity of the person or organization behind this is unknown alias On October 31, 2008, Nakamoto published the Bitcoin whitepaper which describes in detail how an end-to-end online coin could be implemented
They proposed use a decentralized ledger of transactions packed in batches called blocks and secured by cryptographic algorithms The whole system would later be called "Blockchain" Y just two months later, on January 3, 2009 Nakamoto mined the first block of the network Bitcoin, called the Genesis block, thus launching the world's first cryptocurrency Good there you have it, you have already seen the explanation of what is Bitcoin and what is its founder or founders which is supposedly "Satoshi Nakamoto", also in the description of this video I will leave a link so you can download and see the technical document that this character published in 2008 I read it and it is only seven pages long and it is super simple and clear to understand, so in this way one knows that something so complicated can be explain in such a simple and beautiful way then you know that that person is a genius, If he can describe it to you in such a simple way, then I think there is no doubt which is a totally perfect system and in addition to that it has continued to be updated through of the time by other developers and cooperators
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