What is Bitcoin (BTC)?
Bitcoin [BTC] is the first cryptocurrency. It was introduced in 2009 by an unknown person named Satoshi Nakamoto in the famous whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System.”
The very first sentence of the whitepaper couldn’t portray its purpose more clearly: “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.” Bitcoin removes (not so) trusted third parties, giving everyone complete control over their own money.