A simple understanding of the birth of Bitcoin and the road to legend

A simple understanding of the birth of Bitcoin and the road to legend

In November 2008, at a cryptography forum on the Internet, a "mysterious character" who claimed to be Satoshi proposed an idea of ​​electronic money. He called this idea bitcoin.

Bitcoin was born on November 1, 2008, when a person who claimed to be Nakamoto was published a paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System," and he put this theory into practice. On January 4, 2009, he developed a client called "Bitcoin Client Version 0.1" and created the first block in Bitcoin history. This block is also known as "Creation." Block".

A simple understanding of the birth of Bitcoin and the road to legend

Bitcoin Creation Block

Just one month after Zhong Bencong’s lonely bitcoin system was running, Bitcoin had a second person willing to try to understand this novel system and start running the Bitcoin client. After a few days, Bitcoin had the first transaction. .

Bitcoin has an exchange, Bitcoin has a proprietary forum, and finally, bitcoin prices range from 0 to a maximum of nearly $20,000, so that even some large financial institutions are now trading through Bitcoin ETFs.
Introduction to Bitcoin

A simple understanding of the birth of Bitcoin and the road to legend

Of course, the development of Bitcoin is also accompanied by some "negative energy", such as bitcoin skyrocketing, plunging, bitcoin being stolen, illegal trading, and so on. In short, Bitcoin's history is extremely exciting, and it itself has created a new legend. (The internet)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

The Mentougou case triggered a panic of BTC selling. Is the market overreacting?

Source of this article: Planet Daily Author: Nan Xin On the eve of Mt.Gox's creditors' annual meeting, a re...

Blockchain

Opinion | Analyst Willy Woo: Bitcoin will reach $ 135,000 in a bull market, but the worst is also planned

According to a Bitcoinist report on March 6, Willy Woo, a partner and on-chain analyst at Adaptive Capital, said that...

Blockchain

Introduction to Blockchain | Re-understanding BTC Time Chain, Mining Rewards and OTC Trading

Source: Blockchain Base Camp Editor's Note: The original title was "Re-understanding the Concepts of BTC Ti...

Market

The shock plunged early in the morning, and Bitcoin was near $7,600.

The Bitcoin, which ranks 1st in terms of cryptocurrency market value, is based on the current situation. The current ...

Blockchain

Bitcoin accelerates into DeFi world, reveals HBTC listed on Huobi

On February 14th, Huobi Global announced the official launch of Bitcoin's DeFi project HBTC, which aims to incre...

Blockchain

Discussion: Impact of Digital Currency on Financial Accounting and Policy Suggestions

Author: Cheng Lily (People's Bank of China Guangzhou Branch) Source: China Finance Issue 24, 2019 Editor's ...