What is Btc bitcoin?
Bts is a centralized cryptocurrency originally described in 2008 whipaper by a person, or a group of people,using the alias satoshi Nakamoto.it was launched soon after in january 2009.Bitcoin ia a peer to peer online currency,meaning that all transactions happen directly between equall, independent network participants,without the need for any intermediary to permit or facilitate them.Bitcoin was created, accourding to Nakamoto's own words,to allow "online payments to be sent directly from one party to another without going through a financial institution."
Some conceptsbfor a similar type of a decentralized electronic currenncy precede BTC but Bitcoin holds the distinction of being the first ever cryptocurrency to come into actual use.
Founder of Bitcoin
Bitcoin original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021 the true identity of the person or orgnization that is behind the alias remain unknown.
On october 31,2008,Nakamoto published Bitcoin's white paper,which described in detail how a peer to peer online "Blocks" and secured by cryptographic algorithms the whole system would later be dubbed "Blockchain"
Just two months later, on january 3,2009,Nakamoto minded the first block on the bitcoin network known as the genesis block, thus launching the world first cryptocurrency.
Bitcoin was price 0$ when first introduced and most Bitxoins were obtained via mining, which only required moderately powerfull devices and mining software.The first known Bitcoin commercual transaction occured on May 22,2010, when prgrammer Laszlo Hanyecz traded 10,000 Bitcoin for two pizzas.
At Bitcoin price today in mind october 2021, those pizzas would be worth an astonishing $478million.This event is now known as "Bitcoin Pizza day." In july 2010 Bitcoin first started trading with Bitcoin price ranging from $0.0008 to $0.08 at that time.
However,while Nakamoto was the original inventor of Bitcoin,as well as the outhor of its very first implementation.He handed the network alert key and control of the code repository to Gavi Anderesen,who later became lead developer at the Bitcoin foundation. Over the yeara a large number of people have contributed to improving the cryptocurrency's software by patching vulnerabilities and adding new features.
Bitcoin's source code repository on github lists morw than 750 counteibutors,with some of the key ones being wladimir j.van der ,Laan MarcoFalke ,pieterwuille, Gavin anderesen ,jonas schnelli & others.
