INTRO:-
Hey friends. My name is Hoori and my first article here. I spend my 6 hours to ready this article.
I'm research in Bitcoin (BCH) and now I'm sharing with you my experience of reading. So friend's I hope you also like this. If you like this article please tell me.
THANK YOU
Invented:-
Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.The currency began use in 2009. when its implementation was released as open-source software.
What is Bitcoin Cash:-
Bitcoin Cash (BCH) forked from the Bitcoin (BTC) Network on August 1, 2017.BCH is a fork of bitcoin which allows for more transactions in each block. This allows for lower average fees and faster average confirmation times.
Official website :-
Bitcoin.org
History of bitcoin :-
On 18 August 2008, the domain name bitcoin.org was registered.Later that year, on 31 October, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System.Bitcoin was posted to a cryptography mailing list.This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.
First open source bitcoin
The first open source bitcoin client was released on 9 January 2009, hosted at SourceForge.
First supporters
One of the first supporters, adopters, contributors to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto in the world's first bitcoin transaction on 12 January 2009 (bloc 170).Other early supporters were Wei Dai, creator of bitcoin predecessor b-money, and Nick Szabo, creator of bitcoin predecessor bit gold.
Value of the first bitcoin
The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.
Satoshi Nakamoto
"Satoshi Nakamoto" is presumed to be a pseudonym for the person or people who designed the original bitcoin protocol in 2008 and launched the network in 2009. Nakamoto was responsible for creating the majority of the official bitcoin software and was active in making modifications and posting technical information on the bitcoin forum.There has been much speculation as to the identity of Satoshi Nakamoto with suspects including Dai, Szabo, and Finney – and accompanying denials.The possibility that Satoshi Nakamoto was a computer collective in the European financial sector has also been discussed.
Real identity
Investigations into the real identity of Satoshi Nakamoto were attempted by The New Yorker and Fast Company. The New Yorker's investigation brought up at least two possible candidates: Michael Clear and Vili Lehdonvirta. Fast Company's investigation brought up circumstantial evidence linking an encryption patent application filed by Neal King, Vladimir Oksman and Charles Bry on 15 August 2008, and the bitcoin.org domain name which was registered 72 hours later. The patent application (#20100042841) contained networking and encryption technologies similar to bitcoin's, and textual analysis revealed that the phrase "... computationally impractical to reverse" appeared in both the patent application and bitcoin's whitepaper. All three inventors explicitly denied being Satoshi Nakamoto.
Nakamoto's
Nakamoto's involvement with bitcoin does not appear to extend past mid-2010.On April 2011, Nakamoto communicated with a bitcoin contributor, saying that he had "moved on to other things".
In May2020
After a May 2020 YouTube documentary pointed to Adam Back as the creator of bitcoin, widespread discussion ensued. The real identity of Satoshi Nakamoto still remains a matter of dispute.
Value of Bitcoin :-
2011_2012:-
In 2011, the price started at $0.30 per bitcoin, growing to $5.27 for the year.The price rose to $31.50 on 8 June.Within a month, the price fell to $11.00. The next month it fell to $7.80, and in another month to $4.77
In 2012, bitcoin prices started at $5.27 growing to $13.30 for the year.By 9 January the price had risen to $7.38, but then crashed by 49% to $3.80 over the next 16 days. The price then rose to $16.41 on 17 August, but fell by 57% to $7.10 over the next three days.
2013_2016:-
In 2013, prices started at $13.30 rising to $770 by 1 January 2014.
In 2014, prices started at $770 and fell to $314 for the year.On 30 July 2014
In 2015,prices started at $314 and rose to $434 for the year.
In 2016,prices rose and climbed up to $998 by 1 January 2017.
2017_2019:-
On 21 July 2017, bitcoin was trading at $2,748, up 52% from 14 July 2017's $1,835
Bitcoin prices then fell from $9,052 to $6,914 on 5 February 2018
Prices started at $998 in 2017 and rose to $13,412.44 on 1 January 2018
On 1 July 2018,bitcoin's price was $6,343.The price on 1 January 2019 was $3,747,down 72% for 2018 and down 81% since the all-time high
By June 2019 the price had recovered to $13,000
2020_2021:-
16 March 2020 $5,000 Decrease Price dropped 50% in early 2020, losing 25% in 24 hours early in the COVID-19 pandemic.
In 27 July 2020 $10,944 Increase Price recovered value lost in COVID-19 related crash.
27 December 2020 $28,000+ Increase Bitcoin hits new all-time high above $28,000.
3 January 2021 $34,800 Increase Bitcoin hit a new high of more than $34,800.
In 16 February 2021 $50,000 Increase Bitcoin price reached ATH $50,000.
THANK YOU
So friend's keep Support 😊
