The first cryptocurrency, Bitcoin, was invented by an unknown person or group of people using the pseudonym Satoshi Nakamoto in 2008. The identity of Satoshi Nakamoto has never been conclusively determined, and their true identity remains a mystery to this day. Bitcoin’s creation was documented in a whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” which outlined the key principles and technical details of the cryptocurrency. Bitcoin’s decentralized and secure nature, as well as its ability to enable trustless transactions without the need for intermediaries such as banks, have since inspired the development of numerous other cryptocurrencies.
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