BITCOIN [BTC]: What is it? His history ? His future?
Bitcoin is a decentralized cryptocurrency introduced in 2009 by an individual or group under the pseudonym Satoshi Nakamoto. It runs on blockchain technology, a decentralized and secure database that records all transactions transparently.
What is Bitcoin and what is it used for?
BTC primarily serves as a means of electronic value transfer. It allows peer-to-peer transactions to be carried out without requiring the intervention of a central authority such as a bank. Some view BTC as a store of value similar to gold, while others use it as a speculative investment.
History of BTC:
- 2008: Publication of the Bitcoin white paper by Satoshi Nakamoto.
- 2009: Launch of the Bitcoin network with the mining of the first block, also called the genesis block.
- 2010: The first real transaction with Bitcoin takes place when Laszlo H. buys two pizzas for 10,000 BTC.
- 2013: The price of $BTC reaches $1,000 for the first time.
- 2017: $BTC reaches a record price of almost $20,000 in December.
- 2020-2021: A further price rise causes Bitcoin to exceed $60,000 in April 2021.
Key figures:
- Limited supply: Only 21 million $BTC s will ever be created.
- Market capitulation: The total market capitalization of Bitcoin is an important indicator and has reached hundreds of billions of dollars.
- Halving: Halving, which halves the reward for miners, occurs approximately every four years to limit the supply of new BTC.
Future of Bitcoin:
The future of BTC remains subject to debate. Some see Bitcoin as a legitimate asset class and safe haven, while others point out its volatility and regulation risks. As adoption continues, so do technological developments.
Tomorrow discovery of Ethereum [ETH]
