#CreatorPad What is Bitcoin?
Bitcoin is the maiden implementation of a concept known as “cryptocurrency”. This concept was first described by Wei Dai in the year 1998 on the cypherpunks mailing list wherein he proposed the idea of a new form of money that uses cryptography to control its creation and transactions, rather than with a central authority.
Satoshi Nakamoto, about whom nothing much is known, was the first person to give Bitcoin specifications and also provide proof of the concept, which he did in 2009. He provided these in a cryptography mailing list. In 2010, Satoshi quit the project. Since then, the community has multiplied with currently many developers working on Bitcoin.
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