History of Bitcoin

History of Bitcoin

Bitcoin was invented by a person or group of persons known by the pseudonym of SATOSHI NAKAMOTO around 2008. The identity of this person/ persons remain anonymous until date.

When bitcoin was launched, only a handful of people used it, and then it was worth 5 naira or 15 naira for one. Many thought it was a joke, and many dreamt of the day it will vanish into thin air. But today, bitcoin is 11 years old and still waxing stronger. 

Unlike the banks and other digital payment system, bitcoin allows two parties to transact without giving up any personal identifying information. 

SATOSHI NAKAMOTO authored the bitcoin white paper, created and deployed bitcoin's original reference implementation. As part of the implementation, NAKAMOTO also deviced the first blockchain database.

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