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Author: Admin | 2025-04-27
Modified by anyone once they are executed, rendering bitcoin transactions permissionless, censorship-resistant, and immutable.Thanks to this system, bitcoin is well-adapted for transactions between peers across borders and in a macro-financial setup. Over 200 thousand transactions are recorded on the bitcoin network daily, each costing less than $0.50 on average and cutting across every nation of the world. However, like all cryptocurrencies, bitcoin is subject to volatile swings in value due to demand and supply conditions.History of BitcoinOn 31st October 2022, crypto Twitter was set ablaze with tweets under the #bitcoinwhitepaper hashtag as the space celebrated the release of the Bitcoin whitepaper by Bitcoin's creator, which included details of his mission to develop a transparent financial solution built on a tamper-proof network.The bitcoin whitepaper was released on 31st October 2008 and marked the onset of development and community building for the Bitcoin blockchain and the digital currency – bitcoin.Who Founded Bitcoin?Bitcoin's creator designed one of the most transparent financial systems, yet he remains one of the most mysterious figures in the crypto space. The name 'Satoshi Nakamoto' is to date, the only known identity of the Bitcoin creator. This identity is still unverified. Widespread investigation into the real identity of Satoshi has only met dead-ends and only yielded further speculation on the Bitcoin creator’s identity.Popular rumors have credited Hal Finney as Bitcoin's creator. This speculation is based solely on Hal's involvement in the early days of the Bitcoin community and his famous "Running bitcoin" tweet. Hal Finney passed away from his long battle with Amyotrophic Lateral Sclerosis (ALS) but had rebuffed the bitcoin creator tag before passing away.Running bitcoin— halfin (@halfin) January 11, 2009BSV's creator – Craig Wright has also claimed to be a part of the Bitcoin founding team, although this is unverified. The Beginnings of BitcoinSatoshi's whitepaper caught the interest of several individuals who became the pioneer members of the Bitcoin community. The Bitcoin community would quickly grow into a group of individuals participating in the Bitcoin network by running nodes and receiving bitcoin rewards in a process known as Bitcoin mining. The community also explored bitcoin's potential as
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