Bitcoin was created in 2009 by Satoshi Nakamoto, a mysterious individual or a group of people whose true identities remain unknown even today. The main idea behind the establishment of Bitcoin was to enable quick and cheap online payments without the need to use traditional banking channels.
Although Bitcoin has been around since 2009, the publicity and obsession over the unregulated virtual currency has increased only recently. Confused about Bitcoin? Let’s take a quick look at the cryptocurrency.