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Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
It’s the first example of a growing category of money known as cryptocurrency.
In 2008, an anonymous internet user going by the name of Satoshi Nakamoto posted a paper describing a new peer-to-peer electronic payment system known as Bitcoin. He remained active in the Bitcoin community until mid-2010 when he gave the mantle of lead developer to Gavin Andresen and faded from public communication.
Extremely little is known of him. The name Satoshi Nakamoto is believed to be a pseudonym for an individual or more likely, a group of people that collaborated together. Many attempts have been made to learn more and find out who Satoshi Nakamoto really is.