The white paper, titled Bitcoin: A Peer-to-Peer Electronic Cash System, foresaw the need for a peer-to-peer online payment system that is self-governing, secure and limited in quantity.
While Bitcoin was initially perceived as a threat by traditional financial institutions, thirteen years of community support and a growing user base have made Bitcoin one of the most profitable investments for the internet age.
The Bitcoin white paper proposes a solution to prevent double-spending without the risk of trusting a third party.
Despite the ongoing resistance from numerous governments and authorities, this year marks the beginning of Bitcoin’s legacy as a legal tender in El Salvador.