Bitcoin

Bitcoin is the well known and the first decentralized digital currency that uses Blockchain Technology. Bitcoin came into being with a whitepaper and a open-source software release by someone (or a group) claiming to be Satoshi Nakamoto in 2009.

Here is the link to the whitepaper https://bitcoin.org/bitcoin.pdf [it is a detailed paper for your future reference and is not required to complete this session]

Bitcoin is meant to be a peer to peer currency system that does away with a financial intermediary such as a Bank. This is a big deal- considering that a non-fiat currency (a currency that is not backed by a national government) has implications far beyond the Banking system, into the global economy and national policies.