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15 years have passed since the publication of the Bitcoin white paper

On October 31, 2008, a person or group of people using the pseudonym Satoshi Nakamoto published(s) white paper bitcoin. The nine-page white paper describes how the peer-to-peer payment system works, which would go on to revolutionize the world of financial technology.

It is still unknown who is hiding under the pseudonym of the creator of the first cryptocurrency.

Nakamoto summarized the main characteristics of digital gold in the preface to his document:

“A fully peer-to-peer version of electronic money would allow online payments to be sent directly from one party to another, bypassing financial institutions. Digital signatures provide part of the solution, but the main benefits are negated if a trusted third party is still required to prevent double spending. We propose a solution to this problem based on a peer-to-peer network. It timestamps transactions, connecting them into an unbroken hash-based proof-of-work chain.”

The Bitcoin network launched in January 2009. Two years later, Satoshi Nakamoto disappeared, and the public has never been able to find out who wrote the document that underpins the multibillion-dollar industry.

In 15 years, the first cryptocurrency has come a long way from ephemeral candy wrappers, 10,000 of which were barely enough to buy two pizzas, to a powerful financial instrument with a market capitalization of $678 billion.

Public companies and governments invest in Bitcoin. Some community members view the asset as a means of protecting capital during times of major turmoil.

At the time of writing, ~93% of the total supply of digital gold has been mined, which is limited to 21 million BTC.

CoinGecko specialists presented Bitcoin prices on the anniversary of the publication of the white paper, starting in 2013:


Source: Cryptocurrency

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