Birth of a Legend: Bitcoin

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10 Jan 2024
39

The emergence and story of Bitcoin revolve around a cryptocurrency developed under the pseudonym “Satoshi Nakamoto” by an enigmatic individual or group. The narrative begins in 2008.
In 2008, amidst the collapse of Lehman Brothers and the onset of the global financial crisis, deep-seated issues and mistrust in the financial system became apparent. During this period, an online paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto was shared. This paper outlined the fundamental principles of Bitcoin as a digital currency designed to operate without a central authority.
Bitcoin was conceived to function without a central authority or intermediary, utilizing a technology known as blockchain. The blockchain is a transparent and immutable database where all transactions are recorded.
https://www.indyturk.com/node/519831/ekonomi%CC%87/yeni-ara%C5%9Ft%C4%B1rmaya-g%C3%B6re-bitcoin-iddia-edildi%C4%9Fi-kadar-merkeziyetsiz-ve-anonim
Satoshi Nakamoto initiated the Bitcoin network in 2009 by creating the first block, referred to as the “genesis block.” This date is considered the birth of Bitcoin. Nakamoto initially contributed to the project by mining and communicating with other developers in the community.
However, by the mid-2010s, Nakamoto handed over the project to other developers and disappeared. Since then, the identity of Satoshi Nakamoto has remained a mystery. Numerous individuals and groups have attempted to unveil Nakamoto’s true identity but have been unsuccessful.
Bitcoin gained significant attention over time and became popular globally as its value increased. Considered revolutionary in the financial system, Bitcoin is seen as a decentralized payment system. Nevertheless, it faces challenges such as volatility, regulatory issues, and security concerns.
Bitcoin is a pioneering project that kickstarted the cryptocurrency world, laying the foundation for various digital assets in existence today.
source:
https://www.indyturk.com/node/519831/ekonomi%CC%87/yeni-ara%C5%9Ft%C4%B1rmaya-g%C3%B6re-bitcoin-iddia-edildi%C4%9Fi-kadar-merkeziyetsiz-ve-anonim
https://tr.wikipedia.org/wiki/Bitcoin
https://medium.com/@vendetta01/birth-of-a-legend-bitcoin-04deb6852682

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