History of Bitcoin creation

History of Bitcoin creation

The history of Bitcoin (BTC) creation began on October 31, 2008, when in the thematic forum there was published a post by Satoshi Nakamoto. The story was based on an article describing a new, decentralized financial unit, which is independent of banks, has the possibility of anonymous users, as well as excludes any methods of fraud through asset counterfeiting.

The year of the Bitcoin origin is 2009. In January of this year, the first block of money was generated, and in a few days, the first transaction was transferred to another user's purse. At the end of January 2009, the coin rate ranged from 640 to 1620 coins per $1. The remarkable date is May 22, 2010. On that day, American programmer Laszlo Heinitz bought 10,000 Bitcoins for pizza. In today's money, it is equal to $500 million. May 22 is celebrated as "Bitcoin Pizza Day when the price of the asset began hitting its highs.

Bitcoin price change

Bitcoin cryptocurrency rate is cyclic. You can draw this conclusion based on the dynamics of the asset's price since 2012. After making the first real purchase, in 2010, the price of the crypto asset was $0.5 per coin. From 2011 to 2012, the price of the asset was $10. This prolonged persistence in value began to generate investor interest. In 2013, the price of Bitcoin increased its value to $600, but then there were no reliable methods of storing the asset, which led to many cases of theft of coins by fraudsters. In 2014, the price was $310, and the first secure cryptocurrency storage services appeared.

In the winter, 2017, the price per Bitcoin coin increased sharply by 20 times. So, from $1,000, the rate rose to $20,000 per coin. This process is attributed to many factors inherent in the market at the time. The main one is the popularization of blockchain by miners and various media, which caused many enthusiasts to start mining Bitcoin blocks. Also, the reason for the growth was the halving of Bitcoin, which reduced the reward of miners exactly twice, resulting in a shortage of supply in the market, and the price went up.

From 2018 to 2019, the price fluctuated between $4,000 and $16,000, and from 2020 to 2021, a new all-time high of $69020 per coin was broken. Notably, the sharp rise also happened after the halving.

Where to make an online cryptocurrency exchange?

CryptoExchanger is an online cryptocurrency exchanger where you can make transfers at market prices automatically. Due to this, the transaction time is 5-30 minutes from the application activation, which allows you to carry out several transfers per day. The most popular cryptocurrency pairs are provided. For example, Bitcoin - Ethereum, Dash - Tether, etc.

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When did Bitcoin appear, and how did it develop

Interest in the idea was initially fueled by a veil of mystery. The emergence of Bitcoin is indeed shrouded in mystery. Satoshi Nakamoto last left messages in the public space on December 2, 2010. His wallets, which hold several million coins, are untouched. Whether the representatives of global corporations are behind this pseudonym or the scientist-enthusiast is still unknown.

The largest holders of Bitcoin?

The number of Bitcoins is limited in the blockchain network. Currently, about 18.9 million Bitcoins out of 21 million have been mined. Despite this amount, it is predicted that the last Bitcoin may not be mined until 2140. It is due to several factors: the increasing value of the asset and the complexity of building each block (Bitcoin mining).

How many Bitcoins are mined per day

Bitcoin mining is one of the most interesting questions in the crypto world. How many Bitcoins are mined per day determines the final price of the asset. The principle is simple: the more labor-intensive the process of building each block in the network, the higher the price. Accordingly, Bitcoin mining requires appropriately powerful equipment, which all miners don’t have.

The outlook for cryptocurrency in 2022

We can conclude that the number of coin holders is increasing every year, based on the latest news from the world of the cryptocurrency industry. This is also facilitated by the leading powers, which at the legislative level began to accept bitcoin as a means of payment.