Bitcoin is the best known crypto currency. Like all current forms of crypto currency, bitcoin uses blockchain technology to verify transactions with no centralized process.

Bitcoin is the result of innovations dating back to the 1990s, and became popular in the late 2000s. It is commonly agreed that bitcoin was introduced to the public by a person or a group of people using the pseudonym Satoshi Nakamoto in 2008 in the wake of the subprime crisis. This crisis brought defaults of states and central banks in monetary politics to light. The high-stakes situation presented the perfect moment for bitcoin to flourish.

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