About Bitcoin And Its Founder

TopWebCrypto - About Bitcoin and its Founder must be known by bitcoin lovers. Because it's not appropriate as a lover, but don't know what Bitcoin really is. Then its origin, history and founder are also very important in knowing.

Bitcoin is the first crypto currency to ever stir the internet universe. And until now, these phenomenal crypto coins still remain a crowd conversation.

After the advent of Bitcoin with its success which attracted many enthusiasts. Then the development of crypto currencies is accelerating. That was proven after Bitcoin was successful, so various altcoin emerged, all of which had a sale and purchase value at their respective prices.

Next, about what exactly the crypto bitcoin currency which is the king of the crypto. Please, you read this article to the end.

What Is That Bitcoin (BTC)?

Bitcoin is a decentralized cryptocurrency that was originally described in the 2008 whitepaper by someone, or a group of people, using the alias Satoshi Nakamoto. Then the Bitcoin was launched immediately, in January 2009.

Bitcoin is a peer-to-peer online currency, which means that all transactions occur directly between equal and independent network participants. This means without the need for intermediaries to allow or facilitate them.

Bitcoin is made, in Nakamoto's own words, to allow "online payments sent directly from one party to another without going through financial institutions".

Some concepts for the same type of decentralized electronic currency precede BTC, but Bitcoin holds the difference as the first cryptocurrency that is actually used.

Who is the Founder of Bitcoin?

The original inventor of Bitcoin is familiar with a pseudonym, Satoshi Nakamoto. By 2021, the true identity of the person - or organization - behind the alias is still unknown.

On October 31, 2008, Nakamoto published the Bitcoin whitepaper, which explains in detail how peer-to-peer online currencies can be implemented.

They propose to use a decentralized ledger of transactions that are packed in batches (called "blocks") and secured with cryptographic algorithms - the whole system will later be dubbed "blockchain".

Only two months later, on January 3, 2009, Nakamoto mined the first block in the Bitcoin network, which was known as a genesis block, thus launching the world's first cryptocurrency.

The price of Bitcoin was $ 0 when it was first introduced, and most of the Bitcoin was obtained through mining, which only requires a device that is strong enough (e.g. PC) and mining software.

The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoin for two pizzas. With the price of Bitcoin in mid-September 2021, the pizzas will be worth $ 478 million. This event is now known as "Bitcoin Pizza Day".

In July 2010, Bitcoin first started trading, with Bitcoin prices starting from $ 0,0008 to $ 0.08 at that time.

However, while Nakamoto was the original inventor of Bitcoin, as well as the first implementation writer. He submitted the network warning key and code repository control to Gavin Andresen, who later became the main developer at the Bitcoin Foundation.

Over the years a large number of people have contributed to improving cryptocurrency software by patching vulnerabilities and adding new features. Read More....

Source Link: CoinMarketCap.