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Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender ...
Prior to the release of bitcoin, there were a number of digital cash technologies, starting with the issuer-based ecash protocols of David Chaum and Stefan Brands. [3] [4] [5] The idea that solutions to computational puzzles could have some value was first proposed by cryptographers Cynthia Dwork and Moni Naor in 1992.
Satoshi Nakamoto message embedded in the coinbase of the first block. Nakamoto said that the work of writing bitcoin's code began in the second quarter of 2007. [9] On 18 August 2008, he or a colleague registered the domain name bitcoin.org, [10] and created a web site at that address.
Bitcoin has broken through the $100,000 mark for the first time—a journey 15 years in the making. ... The origin of Bitcoin. ... Nakamoto created a digital coin enabled by miners who help run a ...
In 2009, Bitcoin (BTC) was created, becoming the first truly decentralized cryptocurrency. On May 22, 2010, known as Bitcoin Pizza Day, Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John’s ...
Before Bitcoin became the first cryptocurrency, it was just an idea outlined in a white paper by an author who went by the pen name of Satoshi Nakamoto. Nakamoto's vision was of a decentralized...
Early bitcoin supporter Roger Ver said: "At first, almost everyone who got involved did so for philosophical reasons. We saw bitcoin as a great idea, as a way to separate money from the state." [120] Economist Paul Krugman argues that cryptocurrencies like bitcoin are "something of a cult" based in "paranoid fantasies" of government power. [121]
The true identity of the cryptocurrency's founder, "Satoshi Nakamoto," has possibly been revealed in the HBO documentary 'Money Electric: The Bitcoin Mystery'
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