When and how was Bitcoin started?

Bitcoin is a digital currency created in 2009, it is a software-based online payment system. Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. Called mining, individuals or companies engage in this activity in exchange for transaction fees and newly created bitcoins. It became prominent in 2013, when the value of a Bitcoin soared more than 10 x times the value in a short two month period, from $22 in February to a record $266 in April. At its peak, based on more than 10 million bitcoins issued, the crypto-currency boasted a market value of over $2 billion.