# Bitcoin

**Published by:** [Daniil](https://paragraph.com/@daniil-2/)
**Published on:** 2023-04-12
**URL:** https://paragraph.com/@daniil-2/bitcoin

## Content

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.[11] The currency began use in 2009,[12] when its implementation was released as open-source software.[7]: ch. 1 The word "bitcoin" was defined in a white paper published on October 31, 2008.[3][13] It is a compound of the words bit and coin.[14] https://opensea.io/assets/0x05dFe8db15EA58Cf7Cc1186d29b17b91E74f5778/1

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