What is the history of bitcoin?

The history of bitcoin started with the invention and was implemented by the presumed pseudonymous Satoshi Nakamoto, who integrated many existing ideas from the cypherpunk community. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on- and offline.

What is the most important point in the history of bitcoin?

This was arguably the most important point in the Bitcoin history timeline, because it changed digital finance forever. Satoshi Nakamoto mined the first blocks in the blockchain himself. The first transaction was from Nakamoto to Hal Finney, for a grand total of 10 bitcoins.

How many Bitcoins are there in the world?

Currently, there are just over 18,800 000 Bitcoins in existence. Bitcoins are created by a process known as “Bitcoin mining” and distributed in the form of Bitcoin block rewards. The bitcoin mining process sees every transaction on the Bitcoin network checked and verified by the distributed network.

What is a bitcoin system?

The bitcoin system is a collection of computers (also referred to as "nodes" or "miners") that all run bitcoin's code and store its blockchain. Metaphorically, a blockchain can be thought of as a collection of blocks. In each block is a collection of transactions.