Bitcoin was invented in 2009

Bitcoin was invented in 2009

Especially with young people, the digital currency is popular. The Japanese programmer Satoshi Nakamoto invented Bitcoin 2009 as a crypto-currency. The idea behind this is that an algorithm makes bitcoins tamper-proof and limits their number so that unlike the euro and the dollar, the digital coins cannot succumb to inflation. Initially used as anarcho-money only by the digital bohemian, Bitcoins (abbreviation: BTC) are now a worldwide phenomenon.

According to the Internet site Bitpay.com, more than 7500 shops and restaurants accept digital coins. In online trading platforms such as Mt.Gox or Bitcoin.de can be exchanged for euros, dollars or another legal tender. Transfers are possible in a matter of seconds and at a low price and, moreover, largely anonymous. The potential anonymity of transactions makes it theoretically possible to use Bitcoins for the purchase of drugs or money laundering. The latter has the virtual coins in common with cash.