There will eventually come a time when bitcoin mining ends. In the absence of miners bitcoin as a network would still exist and be usable but there would never be any additional bitcoin. No one knows who this is even if every year more people come forward claiming to be the famed creator.
The bitcoin network was created by an unknown person using the name satoshi nakamoto. Coins are created in a process called mining where a computer repeatedly works through a series of calculations that are designed to be difficult to solve but lead to a specific answer. A single institution such as a government does not control the bitcoin network.
Where do bitcoins come from. Despite many articles and investigation to unmask the person s there is still no conclusive evidence of who they are. Does anyone know who this really is.
Bitcoin was invented by a person or group of people using the name satoshi nakamoto. An algorithm controls mining difficulty and total coin creation 21 million. Bitcoins are created from bitcoin mining adding transactions to a public ledger.
Bitcoin a is a cryptocurrency invented in 2008 by an unknown person or group of people using the name satoshi nakamoto and started in 2009 when its implementation was released as open source software. New bitcoins enter the ecosystem using the computer programming nakamoto wrote when creating the bitcoin network. Nakamoto seemingly created the digital currency in response to the 2008 financial crisis.
Because they re a digital currency there s not a simple answer to the question where do bitcoins come from bitcoin was created in 2009 by an unknown developer or developers under the pseudonym satoshi nakamoto. Over the course of bitcoin s history it has undergone rapid growth to become a significant currency both on and offline from the mid 2010s some. It was invented and implemented by the presumed pseudonymous satoshi nakamoto who integrated many existing ideas from the cypherpunk community.
Bitcoin is a cryptocurrency a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management rather than relying on central authorities.
