Original archived The source of bitcoin.
Scraped on 15/05/2025, 09:27:18 UTC
It can take you a lot of time and consistency to actually know the roots of a particular thing that is so important to you, most of us precisely the newbies I found out that we really enjoyed this great platform but some of us lack the source of bitcoin, this my little knowledge that I have known so far in bitcoin.
The source of Bitcoin can be traced back to a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" published on October 31, 2008 by a person or group using the pseudonym Satoshi Nakamoto.
Here’s a quick breakdown:
Creator: Satoshi Nakamoto (identity still unknown)
Date of release: White paper in 2008, software released in January 2009
Technology: Based on blockchain, a decentralized, public ledger
Purpose: To create a decentralized digital currency that allows for peer-to-peer transactions without intermediaries like banks
The original Bitcoin blockchain started when Nakamoto mined the Genesis Block (Block 0) on January 3, 2009, which included a hidden message:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
This was both a timestamp and a commentary on the existing financial system.