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ARTICLE · 28 MAY 2020

Is It Possible To Patent Bitcoin?

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Bitcoin is a cryptocurrency described for the first time in 2009 article by Satoshi Nakamoto. Even now, it is not entirely clear who Satoshi Nakamoto is.

PolandIntellectual Property
Paulina Młynarska
Paulina Młynarska

Bitcoin is a cryptocurrency described for the first time in 2009 article by Satoshi Nakamoto. Even now, it is not entirely clear who Satoshi Nakamoto is. Possibly, it is a group of people cooperating under this alias. It is certain, however, that the entire concept of Bitcoin as an innovative currency revolutionized the global financial market. Bitcoin is one of the so-called FinTech technologies.

Bitcoin is based on blockchain

Bitcoin is one of the examples of utilizing blockchain technology. More precisely, blockchain is a decentralized and distributed database created using cryptographic algorithms with public and open registers. In practical terms, it is assumed that Blockchain makes it possible to obtain a data register that is fully transparent, reliable and safe despite the lack of a central governing body that manages this data. As a result, it was possible to create, e.g., the Bitcoin cryptocurrency used for trading online without the supervision of

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