In 2008, Satoshi Nakamoto released a paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. This paper detailed a decentralized digital currency system which used a proof-of-work algorithm to prevent double spending.
Nakamoto also created the first blockchain database. The first block of Bitcoin, known as the genesis block, was mined in 2009.
Nakamoto’s identity remains unknown, although there has been much speculation. In 2014, an Australian man named Craig Wright claimed to be Nakamoto, but he was unable to provide any conclusive evidence.
Nakamoto is believed to hold approximately 1 million Bitcoins, which would make him one of the richest people in the world.
Bitcoin has had a volatile history. Its price has fluctuated wildly, and it has been used for both legitimate and illegal purposes.
Despite this, Bitcoin remains the most well-known and widely used cryptocurrency.
Bitcoin is often referred to as a digital gold, and its value has soared in recent years. As of writing this article, one Bitcoin is worth over $15000 USD.
It is clear that Bitcoin has revolutionized the way we think about money, and it is here to stay.
What started Bitcoin was the release of a white paper by Satoshi Nakamoto in 2008.
The first block of Bitcoin was mined in 2009, and since then its price has skyrocketed. Today, Bitcoin is worth over $15000 USD and is widely considered to be a digital gold.