The History of Bitcoin: Price, Tech & Cultural Impact | BitPay
In response to the 2008 global financial crisis, which revealed the vulnerabilities of centralized banking systems, a pseudonymous creator named Satoshi Nakamoto sent the Bitcoin white paper to an email list of programmers on October 31, 2008. It detailed the concept of a “digital peer-to-peer electronic cash system” using a new cryptographic method called proof-of-work.