Why Was Bitcoin Invented | The History of Bitcoin | Live Hindi

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Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

In 2008 the domain name .org was bought and an academic white paper titled Bitcoin: A Peer-to-Peer Electronic Cash System was uploaded. It set out the theory and design of a system for a digital currency free of control from any organisation or government.

The author, going by the name Satoshi Nakamoto, wrote: “The root problem with conventional currencies is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”

The following year the software described in the paper was finished and released publicly, launching the bitcoin network on 9 January 2009.

Nakamoto continued working on the project with various developers until 2010 when he or she withdrew from the project and left it to its own devices. The real identity of Nakamoto has never been revealed and they have not made any public statement in years.

Now the software is open source, meaning that anyone can view, use or contribute to the code for free. Many companies and organizations work to improve the software, including MIT.

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CHAPTERS :
Intro - 00:00
History Of Currency : 00:13
Why Was Bitcoin Invented: 02:20
How to invest or trade in cryptocurrency: 07:55
Is Bitcoin legal or not?: 09:29
Outro: 10:48

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Background Music Credit :

(PRO License)
QUEEN OF THE SKIES by Nicolai Heidlas
"Royalty Free Music from HookSounds"
http://www.hooksounds.com
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Note : This Video is based on my internet research, it may not be 100% accurate.

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