Bitcoin is the world's first globally adopted cryptocurrency, However, it is fundamentally more than just a form of money but a collection of concepts and technologies that establish the basis of a digital currency ecosystem.
What do I mean by that? Well, that is where our journey of learning begins. The story behind the creation of Bitcoin is often told by mentioning the name Satoshi Nakamoto, a pseudonymous person who outlined the concept of Bitcoin in a white paper in 2008.
This is how the abstract of the white paper explains the whole concept in a sentence: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
In other words, it is a system that allows us to store or transmit value without having a 3rd party being our middle man. Want to know more? Let's continue the journey in our next conversation, "Why Bitcoin?"
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