Transfer - A Brief History

Bitcoin was anonymously developed by Satoshi Nakamoto in 2009. Bitcoin is designed to be completely decentralized and not controlled by any single institution. The total supply is 21 million coins, and its scarcity and decentralized nature make it nearly impossible to inflate or manipulate. Therefore, many people consider Bitcoin to be the ultimate store of value or "digital gold". Bitcoin is completely open source and operates on a proof-of-work blockchain, which is a shared public ledger and transaction history that organizes transactions into "blocks" to prevent tampering. This technology creates a permanent record of every transaction. Users on the Bitcoin network validate transactions through the mining process, which aims to confirm that new transactions are consistent with past confirmed transactions, ensuring that users cannot spend Bitcoin they don't have or attempt double spending of coins.