Bitcoin, what is it? Chips Bitcoin - a new cryptocurrency, electronic media, which created an unknown programmer (or a group of programmers) under the pseudonym Satoci Nakamoto. This happened in 2009. The term "Bitcoin" and specificity (ability to work Bitcoins) invented by him. Nobody knows where this man is and what his name is in the real world. He created not only the program but also a special application - on your PC, a purse containing cryptocurrency Bitcoin.