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The development of bitcoin over the years

Bitcoin History

By UmutD | umut | 11 May 2020




Bitcoin has a 12-year history. Bitcoin founder Satoshi Nakamoto published the Bitcoin Whitepaper on October 12, 2008, and the first Bitcoin Block was created 2.5 months later. 6 days after the first Bitcoin Block was created, that is, on January 9, 2009, the Bitcoin Blockchain started working 3 days later, the first Bitcoin transfer was made between Nakamoto and programmer Hal Finney. Then, October 5, 2009 New Liberty Standard published the first Bitcoin exchange rate 1 $ = 1.309,03 BTC. On 22 May 2010 Bitcoin Talk forum, Laszlo Hanyecz's payment of 10 thousand Bitcoins for 2 pizzas was accepted as the first real Bitcoin exchange. February 9, 2011 became a turning point for Bitcoin 1 BTC equalized $ 1, then went on sale with Euro and Pound, and the bitcoin market began to grow, the value of Bitcoin reached $ 31.89, but in a short period of time it lost close to $ 10 in 2011 It was called the biggest bubble.

It then made a huge leap in April 2013, and the Bitcoin Price exceeded $ 100. May 2, 2013 The first Bitcoin ATM was launched in San Diego / California.On April 1, 2017, Japan chose Bitcoin as the official payment method, after which Bitcoin Cash was announced. 16,800,000 on January 13, 2018. With the production of Bitcoin, 80% of the total Bitcoin was produced.

Bitcoin is the oldest and highest trading volume of the cryptocurrency exchange. As of now, the market value of bitcoin is $ 8,645.33



Satoshi Nakamoto

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