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The Enigmatic Rise of #Bitcoin‬ A Journey Through History #Bitcoin, the first and most well-known cryptocurrency, has taken the world by storm. Its revolutionary digital nature and decentralized system have sparked both intense fascination and fierce debate. This article delves into the history of Bitcoin, exploring its creation, key milestones, and its ongoing impact on the world. The Birth of #Bitcoin: Shrouded in Secrecy Bitcoin's origin story starts in 2008 with the mysterious figure known as Satoshi Nakamoto. The actual identity of Nakamoto, whether an individual or group, remains a complete enigma. In October 2008, a white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System" was published online, outlining the revolutionary concept of a digital currency secured by cryptography and free from central control. 2009: Genesis and Early Days In January 2009, the Bitcoin network officially came to life with the "genesis block," the first block mined on the blockchain. This marked the beginning of a new era in finance. Despite being just a few cents each, the initial years of Bitcoin were characterized by low adoption and limited use cases. 2010: The First Transaction and Growing Recognition May 2010 witnessed the first real-world Bitcoin transaction, popularly known as "Bitcoin Pizza Day." Programmer Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas, highlighting the potential for peer-to-peer online transactions. Gradually, Bitcoin started gaining recognition in niche communities, attracting tech enthusiasts and libertarians drawn to its decentralized and censorship-resistant nature. 2011-2013: Volatility and the Rollercoaster Ride The years 2011-2013 saw the first significant price fluctuations for Bitcoin. In 2011, the price experienced a rapid rise, reaching a peak of $29.6 before experiencing a sharp decline, closing the year at $4.7. The year 2013 brought another surge, with the price exceeding $100 in April and reaching $200 by October. However, this was followed by another crash, highlighting Bitcoin's inherent volatility.

The Enigmatic Rise of #Bitcoin ‬ " data-hashtag="#Bitcoin ‬ " class="tag">#Bitcoin

A Journey Through History

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Similar to numerous other cryptocurrency projects, the native token of the Polygon network, MATIC, underwent a gradual release of its supply to the team over a specified timeframe. In the case of Polygon, this vesting period spanned five years, commencing in 2019, and featured periodic token unlocks. However, these unlocks, which had previously acted as a deterrent for investors, have concluded with the recent release of the final batch to the team. Polygon's Last Token Unlock Goes to Team On February 21, the Polygon Foundation received the ultimate portion of their vested tokens from the vesting contract. This release amounted to 273,304,816 million MATIC tokens, valued at $260 million, and was deposited into the Foundation's wallet. This marks the conclusive token unlock for the Foundation, signifying that nearly the entire MATIC supply is now in circulation. The latest release brings the circulating supply to 9,618,318,574 out of its 10,000,000,000 maximum supply. Consequently, Polygon's market cap stands slightly above $9.14 billion, with a fully diluted valuation (FDV) of approximately $5 billion. With the entirety of the MATIC supply now accessible, there will be no further tokens introduced into circulation. This achievement is a significant milestone for the project, as investors have patiently awaited the depletion of the vested token supply. Impact on MATIC Price The complete circulation of the MATIC supply is viewed as a bullish development for the digital asset, particularly in the long term. The removal of the fear of inflation-driven supply increases often deters investors from holding their coins, creating a more favorable environment for the MATIC price to enter into price discovery. #Write2Earn #strk #Portal #TrendingTopic #MATIC
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