This week marks the thirteenth year since Bitcoin, the world’s most popular cryptocurrency, entered the market.
This cryptocurrency was created in 2007 by the enigmatic Satoshi Nakamoto, who issued a research paper in 2008 explaining ways for using a peer-to-peer network to build a decentralized electronic transaction system with no central authority.
The Bitcoin network was established in January 2009, and the cryptocurrency trading market was established in February 2010. The first actual Bitcoin transaction took place on the Bitcoin Forum in February 2010, when a programmer paid 10,000 Bitcoin for a pizza. At the time, a pizza cost approximately USD 25.
The Bitcoin network was launched in January 2009, and the cryptocurrency’s trading market was projected in February 2010. The first actual Bitcoin transaction took place on the Bitcoin Forum in February 2010, when a programmer paid 10,000 Bitcoin for a pizza. On the other hand, a pizza cost around $25 US at the time.
Bitcoin did not initially pique people’s interest, and many of them were apprehensive about engaging with this virtual currency.
The bitcoin currency has seen many swings in its exchange rate over the years, and it began to catch the attention of many people, particularly investors, as the exchange rate of that currency began to grow gradually, until it reached about 64 thousand dollars in the final half of last year.
Some analysts predicted that the exchange rates for this cryptocurrency would reach new highs in the following months, while others indicated that they would plummet.