🏆 Bitcoin & Cryptocurrencies Course | History of Bitcoin 🏆

3 years ago
3

History of Bitcoin ✅Understanding the history of Bitcoin is very crucial. If you want to understand the future of Bitcoin, and what will happen with Bitcoin. It's very important to have a look at the past. Therefore, I consider checking the history of Bitcoin being crucial. It's like knowing as a kid and you see how they grow. Well, Bitcoin is pretty much the same. If you understood where it came from, you will have a better understanding of where you can go. ✅Satoshi Nakamoto was the person or the group of people to be considered as mother of Bitcoin. On October 31st, 2008, the creation of a white paper entitled "Bitcoin" was created. To be honest, we don't know yet, who is Satoshi Nakamoto. Despite numerous attempts to reveal the identity of the Bitcoin creator. Now you have to understand the concept of Bitcoin. And why is it crucial for this to understand it. ✅Once step also called "Halving" is always happening, the first halving happened on January 3rd, 2009 with a total reward of 50 BTC. BTC or Bitcoin, halving means that miners are receiving bitcoins for solving embedded transactions. At this time, it was 50 BTC. Unfortunately, you have to realize that Bitcoin happened for a reason. ✅After the global financial crisisof 2008, where banks were bailed out by their respective governments after being a leading cause of thecrisis themselves. The instability of the fractional-reserve led to uncertainties for our current system. More and more, the widely and accepted concept of Bitcoin, an immutable, uncensorable, anddecentralized medium of value was more accepted. Over the years, Bitcoin has experienced innumerable contributions. From the open source community, and members of the core development team.

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