In 2009, a new era began in the field of financial transactions, with the launch of Bitcoin as a digital currency. According to the beginning of the history of financial transactions with Bitcoin, the first transaction was made between the unknown currency creator to this day, known as 'Satoshi Nakamoto', who conducted a financial transaction for another person and transferred 10 Bitcoins to him, and the other person was one of the currency developers, at which time its value was approximately zero dollars.
Initially, Bitcoin was unknown, but over time, it gained price and value, and over the years, this development increased, because Bitcoin itself was created using decentralized blockchain technology, which is different from the digital currencies currently created by countries, governments, and financial systems prevalent today. The encryption of Bitcoin relies on a decentralized network of computers, making it almost impossible to manipulate or counterfeit.
What is blockchain technology?
Before we understand the relationship between blockchain technology and Bitcoin, we must understand the idea of blockchain itself. This technology is primarily based on decentralized encryption, meaning there is no central point accessible that allows anyone to manipulate the information protected by this technology. You can imagine blockchain technology as a decentralized bank account, where no one can know the location or status of this account except the account owner himself.
