Know the Origin of Bitcoin, Why Can It Be Popular Like It Is?
One of the most popular and expensive digital currencies, Bitcoin, originated from a digital currency that cost only tens of dollars. The following will be discussed the origin of bitcoin from the beginning to popular as it is today.
Lately Bitcoin is in the media spotlight. Surprisingly, this one digital currency managed to penetrate the price of 11,500 US dollars, making bitcoin into the history of the most expensive virtual financial.
Bitcoin stems from anxiety about fraud in digital currency transactions. Before bitcoin is born, there are other cryptocurrencies such as hashcash, gold bit, and RPOW (reusable proof of work).
The digital currency has been in circulation since 1998. Programmers are trying to create a currency that can be used for online transactions with encrypted security systems.
In 2009, one of the people who claimed to be Satoshi Nakamoto was a Japanese citizen and is now 42 years old, creating a new digital currency called bitcoin.
He claimed to have worked on the programming code for bitcoin systems since 2007, assisted by several other contributors.
The first person to receive a bitcoin transaction was a programmer named Hal Finney. Finney first downloaded the software on the first day of release and received 10 bitcoins from Nakamoto.
In 2009, bitcoin had no value at all. Bitcoin also has not been traded, just entering the 'mining' stage.
Since there is no transaction, it is not possible for bitcoin to be registered as a currency unit of value even in digital currency.
Once upon a time in 2010, someone decided to sell 10,000 bitcoins for two pizzas. If only the seller kept their bitcoin to this date, he should have more than 100 million US dollars.
In 2013, bitcoin hit $ 1000 for the first time, but the price did not last long. Bitcoin has decreased to 300 US dollars per unit. It takes more than 2 years to get back to touching the 1000 dollar number back.
Since 2016, bitcoin continues to experience significant growth. Although various digital currency competitors are present, bitcoin remains at the top of the competition.