During the 2008 Financial Crisis in the United States, someone behind the alias “Satoshi Nakamoto” published an online article titled “Bitcoin: A Peer-to-Peer Electronic Cash System“. It described a new electronic cash system: Bitcoin.
Without the need of a central authority , the decentralized digital currency system is able to control the supply and issuance.
You can transfer Bitcoin to anyone in the world via the Bitcoin network. It is secure and every transaction is recorded. The release of the White Paper also marked the birth of Bitcoin’s underlying technology – Blockchain.