Who Created Bitcoin And Why?
The cryptocurrency was created by a person who wanted to stay anonymous, which is why he only got known by his alias – Satoshi Nakamoto. To this day, no one knows who this guy is. However, it was designed in 2008 as an electronic payment system that is based on mathematical proof.
The main idea behind the conceptualization of the digital asset was to produce a means of exchange that is independent of any central authority and one that could be transferred electronically in a secure, verifiable and immutable way.
When it comes to the motive behind creating Bitcoin BTC, it is simple…Bitcoins can be used to pay for the same things that can be paid with money, if both parties are willing. In this sense, it is much like conventional money with the only difference that it is traded digitally.