Bitcoin (BTC) Celebrates is 10th Birthday
On October 31st 2008 an unknown entity by the name of Satoshi Nakamoto published their whitepaper, quoting, A peer to Peer electronic cash system. It was then that the first concepts of Bitcoin were born into the world.
In the 1980s a “electronic cash” system was developed called DigiCash and was even adopted by Deutsche Bank. Many merchants began accepting the digital payment method for micro transactions, however it was met by strong competition at the time from Visa and Mastercard, which ultimately succeeded it. DigiCash was still very much favoured by those with “anit-establishment” views for its disconnected nature from government bodies. Bitcoin ultimately succeeded where others had failed thanks to its distributed cryptographic ledger aka, no one authority or trusted entity was needed to maintain the system.
Bitcoin was hard forked in 2017 and spawned a new chain called Bitcoin Cash or BCC with the intentions of maintaining Satoshi Nakamoto’s visions and keeping to the whitepaper spec. This has been and continues to be a very controversial topic.
Over the years there have been extended periods of both hype and lull, ultimately leading to a massive rise in the price of Bitcoin and other digital assets. On the back of all this an entire new industry and asset class has spawned with new projects applying the same decentralised blockchain technology to solve problems and disrupt other industries.
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