Bitcoin, Crypto 101

Bitcoin’s Awesome History

Most people are fully aware of the Bitcoin’s existence, what it is, and all that the cryptocurrency has offered.

But, there is one part of Bitcoin that is still a little blurry, and it is the actual history of the Bitcoin. By knowing a little bit about Bitcoin’s history, one will join in the conversations and may add in two cents.

Who started the Bitcoin?

Ever since, Bitcoin had always been mysterious, with questions going far back to who has created it. It has been a big question in the sector for the world only knows the pseudonym of the creator: Satoshi Nakamoto. In 2008, Nakamoto published a paper in which the ideas laid the groundwork for Bitcoins. It was the first appearance of the name Satoshi Nakamoto on the Internet.

The Facts

With that being said, it is not all the speculation about the history of bitcoin; there are still some facts:

In the year 2008, someone named “Satoshi Nakamoto,” had posted “Bitcoin: A Peer-to-Peer Electronic Cash System” to a cryptography mailing list. Then, through the mailing list, Hal Finney, a console game developer, found Nakamoto’s proposal for Bitcoin. Finney stated in 2013 that he was engrossed by the idea of having the decentralized digital currency – and now the entire world is too.

A couple of years back, someone had registered and purchased the domain.

A year later, the first version of Bitcoin has rolled out, which then commenced Bitcoin mining. Notwithstanding of who has invented the Bitcoin, whether it was only one person or multiple, the fact that endures is that bitcoin won’t probably ever come close to comparing to a traditional cryptocurrency – which is a good thing – for it has no central bank and does not necessitate regulatory authority to back it up.

Bitcoin’s Purpose

Compared to the traditional currency, Bitcoin has changed the game; it now permits lower transactions, faster payment, and sovereignty from the governments. Furthermore, Bitcoin allowed individuals to own their coins. Even though Bitcoin’s origin is a little uneven, one thing that can be agreed on is that Bitcoin has changed how the world works in ways that were perhaps never imagined.

What is the Future of the Cryptocurrency Bitcoin?

The thing to remember is that even when Bitcoin is not 100% a sure thing and has experienced several slumps, it is still a progressive technology and the ‘next big thing’ so whether or not the price of bitcoin scrambles or drops, it’s still probably going to endure to capturing the attention of the masses.

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