Description
Who Created Bitcoin?
Bitcoin was created by Satoshi Nakamoto, a pseudonymous entity who built upon previous work to outline the technology behind the cryptocurrency in a 2008 white paper titled: "Bitcoin: A Peer-to-Peer Electronic Cash System.”
It’s known that Nakamoto registered the Bitcoin.org domain in August 2008, before announcing the whitepaper to a Cryptography Mailing List in October of that year.
Bitcoin’s first block – the genesis block – was mined on January 3, 2009. Nakamoto added to it the text: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” as a reference to the 2008 financial crisis and central banks’ response to it.
The first Bitcoin transaction was made on January 12, involving Nakamoto and Hal Finney, a cypherpunk that worked with the PGP Corporation developing a leading encryption product.