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In December 2013, blogger Skye Grey linked Nick Szabo to the bitcoin white paper using stylometric analysis. [44] [45] [46] Szabo is a decentralized currency enthusiast and published a paper on "bit gold", one of bitcoin's precursors. He is known to have been interested in using pseudonyms in the 1990s. [47]
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 ...
Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (block 170). [ 24 ] [ 25 ] Other early supporters were Wei Dai , creator of bitcoin predecessor b-money , and Nick Szabo , creator of bitcoin predecessor bit gold . [ 15 ]
The true identity of the cryptocurrency's founder, "Satoshi Nakamoto," has possibly been revealed in the HBO documentary 'Money Electric: The Bitcoin Mystery'
The inventor of Bitcoin famously held on to 1.1 million coins — or 5% of the 21 million Bitcoins that will ever be mined, according to the protocols laid out in the white paper.
Bitcoin underpins a two trillion-dollar cryptocurrency industry, is now traded by the world's biggest investment houses and is even an official currency in one country.
In 2008, Bitcoin was proposed by an unknown author/s under the pseudonym of Satoshi Nakamoto. It was implemented the same year. Its use of cryptography allowed the currency to have a trustless, non-fungible and tamper resistant distributed ledger called a blockchain. It became the first widely used decentralized, peer-to-peer, cryptocurrency.
The Bitcoin white paper is a nine-page paper with 12 sections plus an abstract that details a new kind of digital currency or online payment system. At the time the paper was written, Bitcoin did ...
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