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Tyears ago, on January 3, an anonymous developer named Satoshi Nakamoto undermined the genesis block of Bitcoin and started a new peer-to-peer electronic payment system. Fast forward ten years, Bitcoin is one of the most known and dominant cryptocurrencies in the world in which digital currencies are biting the dust.
Let's take a look at Bitcoin's fought journey and its state today –
Satoshi Nakamoto: A Mystery Man
Satoshi Nakamoto, who is credited as the man behind the invention of Bitcoin, is a mysterious figure. Nobody knows where it is and the true identity of Nakamoto. When the Bitcoin founding document was written about ten years ago, he mentioned the name of Satoshi Nakamoto as his inventor who declared himself a Japanese.
However, many believe it is only a pseudonym because of Satoshi's impeccable English and Bitcoin's software has not been labeled in Japanese.
There have been many conspiracy theories surrounding the Bitcoin inventor. Some even believe that Elon Musk is the man behind the name Satoshi Nakamoto.
The first real Bitcoin world transaction: Papa John & # 39; s Pizza
After creating Bitcoin, Nakamoto sent 10 BTC to the developer Hal Finney and several other developers the same day. Finney is known as the first recipient of blockchain-based digital currency.
However, many believe that the first real-world transaction using Bitcoin took place when Laszlo Hanyecz traded 10,000 BTCs for two big Papa John's Pizza. The value of 10,000 BTC would now translate to $ 63 million.
Bitcoin & # 39; s Rise
In 2012 the Bitcoin Foundation was launched to standardize the digital currency and increase its global growth by promoting the open source protocol.
At the same time the startup Silicon Valley Coinbase was founded, which remains one of the most popular names in the world of cryptocurrencies.
2013-2017: Crossing The Billion Dollar Mark
In the period between 2013 and 2018, Bitcoin has become a strong force in the world of cryptocurrencies. With investors and economists who buy Bitcoin quickly, the total market capitalization of Bitcoin has exceeded one billion dollars in April 2013.
During that time, many organizations began to recognize Bitcoin as a legitimate currency, and even ATMs were created in Bitcoin in Vancouver. Microsoft joined the Bitcoin community via Bitpay.
Until last year, Bitcoin was a global sensation, and at some point the value of 1 BTC was $ 19,783.06.
2018: The Downfall
2017 was the year when the Bitcoins reached their all-time high, but in 2018 the tables returned. Bitcoin, including other cryptocurrencies, fell more than 80% in 2018 and investors believe it should have happened because of the populist wave that skyrocketed in 2017.
Other factors that have deteriorated Bitcoin were many hacks in 2018 with which bad actors stole the digital currency. There were the shares of the US Securities and Exchange Commission against encryption crowdfunding projects and the cracking in the Bitcoin community of "hard-forking" to increase the number of transactions per second.
2019: another boring year
Analysts have predicted that 2019 could be another "boring year" for Bitcoin. The odds are that there may be developments in the world of cryptocurrencies, but it is much less likely that we will be witnessing another 2017 in 2019. However, we are still confident and every cloud has a positive side.
What are your thoughts in Bitcoin in 2019? Tell us in the comments.
Read also: Project Bali: how Microsoft is planning to give you full control of your data
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