MCQ Detailed View

The founder of Bitcoin, the world’s first decentralized cryptocurrency, is Satoshi Nakamoto. In 2008, Nakamoto published the famous Bitcoin Whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”, which introduced the concept of blockchain technology.

In January 2009, Nakamoto mined the Genesis Block (Block 0), marking the launch of Bitcoin. This invention solved the double-spending problem without requiring a central authority, making it a revolutionary step in digital finance.

Key Facts about Bitcoin and Satoshi Nakamoto:

• Founder: Satoshi Nakamoto (pseudonymous figure)


• Introduced: 2008 Whitepaper


• First Block: January 3, 2009 (Genesis Block)


• Technology: Blockchain & Peer-to-Peer network


• Impact: Revolutionized digital payments and led to thousands of cryptocurrencies

The identity of Satoshi Nakamoto remains unknown to this day, adding to the mystery of Bitcoin’s origin. However, Bitcoin has become a global financial phenomenon, influencing governments, economies, and the future of digital money worldwide.