for blockchain- and distributed ledger enthusiasts
The first bitcoin appeared 10 years ago today with the mining of the genesis block. Some in the crypto community celebrate bitcoin’s birthday on October 31 – the date Satoshi Nakamoto published the famous bitcoin white paper. It was today, though, that Nakamoto received 50 bitcoin for mining the first block.
On October 31, 2018, the crypto-currency Bitcoin became ten years old. 10 years ago, a whitepaper with the cryptic title “Bitcoin: A Peer-to-Peer Electronic Cash System” was published under the pseudonym Satoshi Nakamoto. The rest is known. The value of a bitcoin has since grown from literally zero to around $ 20,000 in the forefront. Currently, it is quoted at around $ 6,300, which – depending on the perspective – is still an impressive earnings trend, or just a loss of about 70% of the high. The Bitcoin became known to a wider public only last year, when the Bitcoin broke the $ 10,000 barrier. New products, also based on Blockchain technology, have sprung up. Whoever used keywords such as cryptocurrency, blockchain or the like, could expect to be filled with millions of dollars by euphoric investors. Continue reading “Happy Birthday Bitcoin – 10years”