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Bitcoin ( ₿ ) is a cryptocurrency, a form of electronic is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer- to- peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a toshi Nakamoto is the name used by the unknown person or people who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin' s original reference implementation.
As part of the implementation, they also devised the first blockchain database. In the process, they were the first to solve the double- spending problem for digital currency using a peer- to- peer network. Oct 01, · Bitcoin was introduced in by an unknown creator going by the name of Satoshi Nakamoto, who communicated only by email and social messaging. Tweets now will now have a printscreen of the homepage attached to them.