Know the origin of the world’s first cryptocurrency (Bitcoin)

Know the origin of the world’s first cryptocurrency (Bitcoin)

What is Bitcoin?

Bitcoin is a form of electronic money (peer-to-peer) that can be transferred without the intermediary of financial institutions.

In practice, this means that two individuals, even if they live in different countries, can send BTC to each other without needing a bank or an international remittance company.

Transactions are confirmed on the blockchain, a massive database that records all user trades. This technology was born together with Bitcoin, and it works in such a way that the participants themselves are the network’s auditors.

The history of Bitcoin (BTC) is full of mysteries. The world’s first cryptocurrency was launched 13 years ago, but to this day no one knows the true identity of the person – or people – behind the project. There are suspicions, but none capable of unraveling the enigma.

In this guide, InfoMoney explains the origin of Bitcoin; tells how, why and when it came about; addresses security, mining, and ways to go to market; and explains the differences between cryptocurrency and other digital currencies on the market, in particular those launched by central banks

When did Bitcoin emerge

Bitcoin appeared on October 31, 2008. On that day, the creator (or creators) of the cryptocurrency, who hides under the pseudonym Satoshi Nakamoto, sent an email to a list of people interested in cryptocurrency. In the body of the message, he wrote that he had been working “on a new fully peer-to-peer electronic cash system with no trusted third parties.”

Know more about this topic here on Sonangol Muzik.