# BITCOIN

**Published by:** [schrodinger7cat](https://paragraph.com/@schrodinger7cat/)
**Published on:** 2023-01-06
**URL:** https://paragraph.com/@schrodinger7cat/bitcoin

## Content

Bitcoin is a decentralized digital currency with no central bank or single administrator. Transactions can be made by sending bitcoins from user to user on the bitcoin network in a peer-to-peer (P2P) fashion, without the need for an intermediary. The transactions are verified by network nodes, and all Bitcoin transactions are recorded in a decentralized ledger called the blockchain. Bitcoin was invented in 2008 by a person or group calling itself Satoshi Nakamoto, and its implementation was released as open source software and put into use in 2009.

## Publication Information

- [schrodinger7cat](https://paragraph.com/@schrodinger7cat/): Publication homepage
- [All Posts](https://paragraph.com/@schrodinger7cat/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@schrodinger7cat): Subscribe to updates