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

Bear market signal? Bitcoin's 30-day volatility hit a two-and-a-half-year high, and the number of large transfers plummeted

The 30-day historical volatility of Bitcoin exceeded 100% for the first time, close to the historical peak at the end...

Blockchain

Weekly Bitcoin Positions Report | Many types of accounts show a bearish attitude and further callback danger signals appear?

On December 7, CFTC released the latest weekly CME Bitcoin Futures Weekly Report (November 27-December 3). Bitcoin ro...

Market

In 2019, Bitcoin has risen 37%!

According to OnChainFX, since January 1, the exchange rate of the Bitcoin against the US dollar has risen 37% so far ...

Blockchain

80% of ETH addresses are at a loss, but BTC addresses are 70% profitable

Since June 26 this year, the price of most altcoins has been falling. As the third largest cryptocurrency on the mark...

Blockchain

Data Analysis | Tether Manipulation Behavior Is Not the Reason for the Bitcoin Bull Market in 2017

Source / LongHash Recently, an academic paper claimed that Tether's manipulation led to the 2017 bitcoin bull ma...

Blockchain

Babbitt column | Bitcoin has no financing, what financing do you use?

First, Bitcoin has not been financed. Bitcoin, we may all be so familiar, that we rarely mention or notice the fact t...