Blockchain technology was the legendary creation of the anonymous cryptographer Satoshi Nakamoto. Despite Bitcoin’s immense popularity and value, nobody is none the wiser as to who was behind the innovative creation. Some analysts have pointed to a group of people, and some investigators think they narrowed it down to a select group. The truth is, nobody truly knows the origins of the coin.
Bitcoin and blockchain technology were so cutting edge because they provided a design of a secure payment system where banks were no longer necessary to facilitate the transaction. If you owned Bitcoin and wanted to send it, all you had to do was send the digital asset to another wallet directly peer-to-peer.
Users then verified this transaction on the blockchain providing a timestamp and publicly accessible ledger which showed when a user sent the payment and to which wallet. In the preliminary stages, investors used Bitcoin and cryptocurrencies to buy and sell items on the dark web.
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