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Author: Admin | 2025-04-28
Bitcoin is probably the hottest keyword in the 21 century that ignites “the crypto fever” and “the digital gold rush”. It is on all social media platforms and the internet. Everyone talks about it. “What is Bitcoin?”, “What’s so attractive about Bitcoin?”.And in this article, everything about Bitcoin, the underlying value, and the fuss around it will be broken down in detail to help you get the true sight of Bitcoin.Someone held up a “Buy Bitcoin” sign during Yellen’s testimony to Congress in 2017What is Bitcoin?Initially released in January 2009, Bitcoin is the first decentralized cryptocurrency. It was invented by Satoshi Nakamoto who is still a mystery nowadays. Bitcoin opened an entirely new era, building a decentralized world.Satoshi Nakamoto Statue in Budapest, HungaryBitcoin uses a peer-to-peer network for sending transactions, eliminating the need for any intermediary or single administrative entity. In simple terms, Bitcoin transactions will be carried from one person to another directly without any third party, for example, banks in the real world.History of BitcoinIn 2008, the Bitcoin cryptocurrency was invented by an unknown person under the name Satoshi Nakamoto, inspired by the notion of decentralization.On Aug 31st, 2008, Bitcoin was first mentioned in a whitepaper named “Bitcoin: A Peer-to-Peer Electronic Cash System” published by Satoshi Nakamoto on Bitcoin.org. The Bitcoin.org domain was registered two weeks before the Bitcoin whitepaper release.“Bitcoin: A Peer-to-Peer Electronic Cash System”. Source: Bitcoin.orgOn Jan 12, 2009, the first Bitcoin transaction was conducted when Satoshi Nakamoto sent 10 BTC to a cryptographer named Hal
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