Bitcoin History

In 2008, an individual or group of individuals going by the pseudonym Satoshi Nakamoto, published a paper called Bitcoin

A Peer-to-Peer Electronic Cash System.

It was not the first case ever made for a digital currency there were many attempts in the decades prior but this was perhaps the first to propose a “trustless” system of electronic transactions that would depend on a peer-to-peer system of verification via blockchain technology. This innovative approach also solved a persistent problem with digital currencies, the so-called double-spending problem or the risk that digital currencies could be hacked and spent more than once.

Thanks to the research detailed in this paper, the first Bitcoins were created in January 2009, and the bitcoin mining system was established. But the number of BTC in the market is capped. While there are more than 18.8 million Bitcoin tokens in circulation as of November 2021, worth over $1 trillion, the total limit is 21 million BTC.