It all started back in 2008 with a mailing of a person (or group of people) under the pseudonym Satoshi Nakamoto among a small group of people, the so-called cypherpunks. The mailing included a document called Bitcoin White Paper and contained 8 pages of description and 1 page of materials used. The document described the operation protocol of the peer-to-peer payment network.
In fact, Satoshi proposed the first truly decentralized payment system in the history of mankind, which did not need the control of the state or any other central bodies and forms. The system protocol was based on the use of electronic tokens (or native tokens) which were called Bitcoins. And the issue of the tokens themselves was organized algorithmically and completely decentralized. In other words, no one, not even the creator(s) of the system, could control or influence the emission process. As a result, Bitcoins have demonstrated that they have all the properties inherent in cash.
