Satoshi Nakamoto’s proposal of Bitcoin in 2009 is considered to be the first digital, decentralized currency based on mathematics instead of trust. Bitcoin is a peer-to-peer network, which means that transactions take place directly between users and without a trusted third party. It is decentralized, which means that no one is in control of the “system” and everyone can openly participate in. It is digitally scarce, which means that no one can copy and spend the same coin twice. These technologies were unprecedented in the field of computer science at the time, and a combination of revolutionary inventions made the possibility of creating a decentralized peer-to-peer digital currency — Bitcoin.

Read More Here: https://hackernoon.com/dissecting-the-bitcoin-whitepaper-in-four-minutes-5c8c5e5f8010

![bitcoin.jpeg](https://steemitimages.com/DQmRyKvzQYGzerBHrVAkLLdrmy29MwzNYDKz3UjHFsFm6Fq/bitcoin.jpeg)