Bitcoin is one of the most popular and sought-after cryptocurrencies in the world. But she is also one of the first. But to appear in the XBT Capex club application, bitcoin has come a long way.
How did the world’s first cryptocurrency with a market capitalization of $2 trillion come about?
Satoshi Nakamoto
The emergence of the Bitcoin (BTC) cryptocurrency is closely associated with the name Satoshi Nakamoto.
Although cryptocurrency holders are still trying to find a real person, from time to time attributing credit for the creation of BTC to one person, some cryptocurrency influencer, it is still assumed that Satoshi Nakamoto is a group of anonymous people who created the BTC cryptocurrency.
The history of bitcoin begins in 2008 with the publication of the White Paper, which details BTC and the features of this unique digital payment system. A year later, the first Bitcoin 0.1/0.1.0/0.1.5 clients appear.
Then the initial block of Genesis 0 is presented – and the first 50 BTC. What followed next? Of course, the first transaction was considered a test one. Satoshi sent the first 10 BTC to demonstrate the possibilities of the currency.
Since the bitcoins were successfully received, the first transaction using BTC was successful.
But things did not develop as rapidly as they might seem at first glance. Blockchain needed improvement. The first purchase of BTC is dated 2009. Cryptocurrency purchased with fiat. Its cost was about 5.02 USD.
No matter how strange it may sound, for only 5 US dollars, the user purchased 5050 BTC. An amazing acquisition, but cryptocurrency holders will not be able to appreciate it immediately, but years later, when the value of bitcoin will increase significantly.
The transaction was made through PayPal.
Following the first transaction, the first cryptocurrency community appeared, where users could not only learn more about cryptocurrencies but also follow the progress in popularizing a new means of payment.
Bitcoin.org was created, and then the Bitcointalk.org forum was presented. It became easier to share impressions about using cryptocurrencies, and interest in cryptocurrencies began to grow rapidly.
With the advent of Bitcoin 0.2, not only Windows users but also Linux users got access to the new version of the decentralized network. And it became much easier to mine coins, so ordinary users began to mine cryptocurrencies.
Two years after the advent of BTC, Bitcoin 0.3 was introduced, and although it became more difficult to mine, cryptocurrencies were becoming more popular. The first crypto farm appeared with the light hand of a user under the nickname ArtForz.
The Bitcoin client (0.3.9) appears and Satoshi Nakamoto disappears from the sight of cryptocurrency enthusiasts.
The history of BTC would not be so interesting if not to mention the pizza cost 10,000 BTC. Unbelievable but true. Since the price of bitcoin was still low, Laszlo Heinitz got the idea to buy something with bitcoins. It was easy to add them, so he offered to buy pizza for 10,000 BTC.