Sunday, July 29, 2018

Small breif History of Bitcoin


The domain name "Bitcoin.org" was registered on 18th August 2008. In November 2008, a link to a paper authoured by Sathoshi Nakamoto titled bitcoin.
Nakamoto implemented the bitcoin software as open source code and released it in january 2009.
 In january 2009 the bitcoin network was created when Nakamoto mined the first block of the chain, known as genesis block.

     Nakamoto estimated to have mined 1 million bitcoins before disappearing
In 2010,when he handed the network alert key and control of the code repository over to Gavin Andresen. Andresen later became the lead developer at the bitcoin foundation.

2011-2012

               After early "proof-of-concept" transactions the first major users of bitcoin were black markets, such as silk road.
Prices were extremely volatile in 2011, starting at $0.30 per bitcoin, growing 1,656% for the year to $5.27.

In 2012 bitcoin prices started at $5.27 growing 153% to $13.30 for the year.
Bitcoin foundation founded in September 2012 to try to save the reputation of bitcoin.


2013-2016

               In 2013 prices started at $13.30 rising 5,691% to $770 by January 1st 2014.
 In 2014 prices started at $770 and fell 59% to $314 for the year.
In 2015 prices started at $314 and raise 38% to $434 for the year.
In 2016 prices started at $434 and raise 130% to $998 on January 1st 2017.

2017-2018

                Bitcoin prices in 2017 were exceptionally volatile, starting at $998 and raising 1,245% to $13,412.44 on January 1st 2018.
On December 2017 bitcoin price reached an all time high $19,666 and them fell 70% to $5,920 on February 6th 2018...

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