Bitcoin. "Frequently Asked Questions," Select "Economy: How Are bitcoins Created?" Each bitcoin is made up of 100 million satoshis the smallest units of bitcoin, making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.S. dollar. The creator of Bitcoin remains an enigma, known only by the pseudonym Satoshi Nakamoto. Bitcoin's innovation emerged in 2008 when Nakamoto released the whitepaper outlining the cryptocurrency's decentralized, peer-to-peer structure, and use of blockchain technology. In 2009, Nakamoto mined the first Bitcoin block, and on January 12th of the same year, the inaugural Bitcoin transaction took place. Despite numerous investigations and speculations, the true identity of Satoshi Nakamoto has not been disclosed.
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