Bitcoin is a digital currency, world’s famous cryptocurrency. Who creates Bitcoin? Its answer is not that much easy. while the identity of the creature of bitcoin is still a mystery. In last of 2008, someone going from the username Satoshi Nakamoto, release a white paper to cryptography list. The 9-page paper was entitled” Bitcoin, peer-to-peer electronic cash system”. That day and today, we do not know the creature, is a personality or a team work???
With pseudonym creature, bitcoin asserts itself. In the meantime, Bitcoin creates a strong impact on users of the cryptocurrencies’ world.
Now, here I am going to share bitcoin price history, its origin and how its start work, and rises as a star in cryptocurrency world.
Basically, working on bitcoin concept was started in 2007. If we consider, that Satoshi Nakamoto is a legend. He starts working on this concept to provide fair and free transaction system. While he was on record as living in Japan.
August 15, 2008:
The allege originator of Bitcoin concept denies the connection with Satoshi Nakamoto. Even so, Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.
A great silence…………………………
August 18, 2008:
18 August 2008, anonymousspeeches.com register a domain, named bitcoin. A site, allows users to join and do transactions. This was the birth of Bitcoin in the real world.
October 31, 2008:
Nakamoto publishes the design white paper in cryptography list. Whereas, the paper includes that the bitcoin currency is going to solve the issue of currency being copied.
January 3, 2009:
The first block was mined on January 3, 2009. It was,” Block 0, the genesis block, is established at 18:15:05 GMT.
January 9, 2009:
Version 0.1 released. It includes the generation system which creates 21Million bitcoins through 2040.
January 12, 2009:
Version 0.1 of bitcoin released on this date. Compiled
with Microsoft visual studio for windows. In which, bitcoin generation system will generate 21Million bitcoin through the year 2040. In addition, at the end of this year, on 16 December 2009, 0.2 version of bitcoin released. Whereas, 0.3 version released on July 7, 2010.
0.3.13 version of bitcoin released on September 29, 2010.
A Brief Look at Bitcoin History – First Bitcoin Transaction:
First bitcoin transaction takes place between Satoshi and Hal Finney on 12 January 2009.
Born of currency exchange:
First bitcoin market established on 6 February 2010 by doing dollar as Bitcoin currency exchange.
10,000 BTC spent on pizza:
Florida programmer, Laszlo Hanyecz pay 10,000 bitcoins for pizza. That was the real-life transaction takes place in cryptography world.
On September 18, 2010, bitcoin pool mining was introduced. Furthermore, several users work together and enjoy the benefit together.
No doubt, the most important year of the bitcoin. This year, Bitcoin wrote its history. In 2013, its market capitalization reaches $1bn. China bans this technology first. But today, 80% of bitcoin transactions are processed in China and become the largest trader of Bitcoin in the world.
In 2014, first and most progressive treatment to bitcoin was held by HMRC. Who classified bitcoin as the asset or private money.
The biggest change comes from banks and industries. Most of the banks trying to change their infrastructure. Whereas, industry executives talking about Bitcoin and some of them do transactions.
Therefore, it is too early to tell you about the story of Bitcoin in 2016. It reaches heights and sometimes faces loses.
Future Prediction of Bitcoin:
As bitcoin reaches the price of gold, and compete with many more cryptocurrencies. Which makes its strength in the financial market. Looking at the Bitcoin value history, future can be easily predicted. And my prediction is that coming era is bitcoin era.