On October 31, 2008, when a person or group alias Satoshi Nakamoto published a white paper called "Bitcoin: Peer-to-Peer Electronic Cash System", Bitcoin was born with the principle of eliminating the need to trust third party payment systems, banks and brokerage houses. Today, the role of financial intermediaries in providing trust is no longer a necessity, with the two parties connecting directly to each other thanks to the technology underlying Bitcoin. The author of the Bitcoin white paper, Satoshi Nakamoto, is unknown.[/i]

How Is Bitcoin Made?

The process of generating bitcoin is called "mining". The term mining of a non-physical entity is of course an imaginary discourse. The reason why the mentioned process is mentioned with this concept is that it is similar to gold mining in digital sense. Having a limited supply just like gold, 21 million of Bitcoins will be brought to light one day.
People who produce bitcoin are called "miners". At the heart of mining is the task of validating financial transactions made in the Bitcoin market by computers with powerful processors. The Bitcoin network rewards the miner that produces the fastest block and validates the transaction. To sum up, miners essentially get rewards for solving a complex puzzle.