The initial details of Bitcoin as an invention was called “Bitcoin: A Peer-to-Peer Electronic Cash System” was published in October of 2008. It’s built on a distributed payment network and is literally a new kind of money. This new type of currency falls into a category called open source peer-to-peer money. Originally designed as distributed financial ledger system, the underlying technology of this digital commodity, called blockchain, is being widely adopted for use cases in many different global sectors.

Bitcoin was released as open source code in January or 2009. It has emerged as a global, border-less currency, although pricing can fluctuate dramatically at times in relation to global financial events or high profile thefts. The open ledger of the currency, its trademark feature, can be accessed in real time. The activity of the actual blockchain transactions can be seen in real time via Blockchain.info.

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