Unless you have just woken up from a 10-year coma, it is likely that you would heard of a little cryptocurrency called Bitcoin.
Not too long ago (31 October 2008 to be exact) the mysterious Satoshi Nakamoto published a White Paper titled Bitcoin: A Peer-Peer Electronic Cash System.
FYI Satoshi Nakamoto is actually just a pseudonym used by the individual or group that created the cryptocurrency in 2009.
Source: Bitcoin.org
This paper was just the beginning.
A few months later on 3 January 2009, Satoshi Nakamoto mined the genesis block of bitcoin (block number 0), which gave a reward of 50 bitcoins. With that, the Bitcoin network was born.
This was the first implementation of blockchain technology as a public and decentralised ledger for transactions made using Bitcoin.
After Satoshi published the Bitcoin whitepaper and launched the Bitcoin blockchain, they vanished without a trace in 2010.
Why Bitcoin Matters
For context Bitcoin was created amidst the 2008 Global Financial Crisis (GFC)....