The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when its implementation was released as open-source software. Bitcoins are created as a reward for a process known as mining.
2009 Many investors consider bitcoin to be the original cryptocurrency. Founded in 2009 by a programmer (or, possibly, a group of programmers) under the pseudonym Satoshi Nakamoto, bitcoin ushered in a new age of blockchain technology and decentralized digital currencies.