Frequently Asked Question

Who owns Bitcoin/digital currencies and the blockchain?

Last Updated a year ago

Satoshi Nakamoto is the name of the unknown person or people who invented or designed Bitcoin, but they do not own Bitcoin. Bitcoin was released in 2009 and is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency and works without a central bank. It is a peer-to-peer network and transactions take place between users directly. Network nodes verify these transactions through the use of cryptography (A node is a computer connected to the Bitcoin network). The transactions are then recorded in a ledger called a blockchain which is publicly distributed.

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