When was bitcoin founded

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Where Did Bitcoin Come From? � The True Story
Bitcoin was founded in as a decentralized digital currency that allows users to buy, sell and exchange goods and services without the involvement of a. Based on a free market ideology, bitcoin was invented in by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in , with the. What is the purpose of bitcoin? Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an.

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On 3 January , the bitcoin network was created when Nakamoto mined the starting block of the chain, known as the genesis block. Between and , cryptocurrency exchanges emerged that facilitated bitcoin sales and purchases. In truth there is no such thing as a bitcoin or a wallet, just agreement among the network about ownership of a coin. Some ad networks also pay directly in bitcoin.