History of cryptocurrency

According to legend, Satoshi Nakamoto (only) started in 2007. work to create cryptocurrency (see History of Bitcoin). Satoshi Nakamoto’s identity is unknown, despite many attempts at clarification and speculation . It is also believed to be a collective name.

Satoshi Nakamoto describes the working principles of the system he has set up 31. October 2008. (via metzdowd.com ) in Bitcoin: A Peer-to-Peer Electronic Cash System. Before that, 18. On August 2008, bitcoin.org was registered with a service provider based in Helsinki. The aforementioned article is the Bible of the so-called cryptocurrency world, which also describes the bitcoin protocol. The total issue value of Bitcoin is 21 million bitcoins (BTC), which will be realized in 2140. for the year.

January 3, 2009 At 18:15:05 GMT, Satoshi Nakamoto mined the first 50 bitcoins , with 1 bitcoin worth less than 1 pence. Explanation: bitcoin has no guaranteed value. The value of Bitcoin in the market is classically created through the relationship between supply and demand. The first value was given to bitcoin 5. October 2009 through an assessment of the energy consumption of mining.

The first transfer between Satoshi Nakamoto and cryptography enthusiast Hal Finney took place on 12 January 2009 in.

On February 18, 2010, the cryptographic patent on which bitcoin is based was published and has already been applied for 15. August 2008 Neal Kin, Vladimir Oksman and Charles Bry.

The first real transaction took place on 22. May 2010 in Jacksonville, when Florida programmer Laszlo Hanyecz bought a pizza for 10,000 bitcoins at a price of about $ 25. The price of one bitcoin at that time was 0.07 US cents, calculated on the basis of the price of electricity for mining.

Gradually, the interest and trust of traders developed, and in 2010. At the end of 2011, the value of bitcoin began to rise sharply, and in 2011. At the end of June, one bitcoin cost $ 29. Then luck turned and at the end of September I was given $ 5 for bitcoin . However, more than 7 million bitcoins were already in circulation and Nakamoto had revenues of $ 35 million at that time.

In April 2011, Nakamoto sent the last message that he would start working in new areas, after which he has not been heard.

On September 27, 2012, the Bitcoin Foundation was registered in the United States to standardize, protect, and develop cryptocurrency for the benefit of users around the world.

The first (annual) conference of the Bitcoin Foundation took place in 2013. in Silicon Valley, attended by 1,200 people. The second conference “Bitcoin 2014: Building the Digital Economy” took place on 15-17. May 2014 in Amsterdam.