Created by the anonymous Satoshi Nakamoto in 2009, Bitcoin was the first-ever cryptocurrency. Nakamoto made BTC in the aftermath of the 2008 housing crisis. The idea was to create an online money protocol that allowed two parties to directly interact with each other without the requirement of an intermediary like a bank.
Bitcoin utilizes blockchain technology and a peer-to-peer network to build a financial protocol that’s transparent and decentralized. Through the use of asymmetric cryptography (private keys and public addresses), you get complete control over your BTC. Another powerful aspect of Bitcoin is that it’s a deflationary asset. There is a hard upper cap limit of 21 million BTC. To ensure mining longevity, the total supply entering the ecosystem gets halved every 4 years.
Bitcoin is the first of its kind, decentralized, and deflationary financial protocol that has blazed the trail for the multi-trillion dollar crypto ecosystem.
Bitcoin was originally created to be the internet's money. As long as two people have a Bitcoin wallet, it doesn't matter who they are or where they are – they can transact with each, with ease. These two parties can directly transact without having to go through an intermediary.
– Al Torjdamn