As we know, the world of Cryptocurrencies begins with the appearance of the first digital currency, which occurs in January 2009, called Bitcoin, which is a digital asset that was designed as a commercial exchange mechanism only through of the internet network, using cryptography to control its operation and management, instead of relying on central and private banking authorities.

Some previous considerations

Before Bitcoin was launched into the world of the digital market in January 2009, there were already digital technologies in this regard, but with cash and with a centralized issuer, which were based on the Chacas and Brand ecash protocols. Then, another digital visionary like Adam Back develops hashcash, which consists of a proof-of-work system for spam control.

There was also the proposal of bit gold, which defined an inflation control mechanism based on market activity. At the same time, Nick Szabo, for his part, dedicated himself to researching in other areas that would allow him to achieve that goal, which is like a record of tolerant assets in order to store and transfer in turn, solutions linked to work tests.

The creation of the first known cryptocurrency

As of November 2008, an article appears on a crypto distribution list with the signature of Satoshi Nakamoto and whose title would be: Bitcoin: a Peer to Peer electronic cash system. Here is detailed how to use the Peer to Peer network to create a system for electronic transactions that do not depend on trust.

And this is how on January 4, 2009, Satoshi Nakamoto achieves the first block record, which is known as the genesis block, thus born, the Bitcoin network and the subsequent issuance of the first Bitcoins and in turn the launch of the First Bitcoin client with open source. Programmer Hal Finney, is one of the first people to provide support, adopt and contribute to Bitcoin.

Finney downloads the Bitcoin software the same day it was launched and received 10 Bitcoins from Nakamoto, thus making the world’s first Bitcoin transaction. In the early days, there is an estimate that Satoshi mined about a million Bitcoins. Then, the first transactions in Bitcoins were made between individuals in the bitcointalk forums, with a notorious transaction of 10,000 BTC, which were used to indirectly buy a couple of pizzas delivered by Papa John’s.

Who is Satoshi Nakamoto?

The true identity of the creator or creators of the Bitcoin Cryptocurrency that is transforming the financial world, has not yet been revealed, remains a true mystery and unknown. So far, what is known is that behind Bitcoin there may be a person or groups of experts in technology, who call themselves Satoshi Nakamoto.

This information is known, since in 2009 it was published what would be the first statement on the operation of Bitcoin through the internet with the authorship of Satoshi Nakamoto. Then it disappears for a while from the internet, until in 2013 it reappears calling attention to the fact that it had managed to raise the amount of 400 million dollars with its invention.

In March 2014, it was believed that they had managed to find the true Satoshi, he was a Japanese-American, who identified himself as Dorian Satoshi Nakamoto as the true creator of the Cryptocurrency. After consulting with several people in the environment, he came to believe that he was really the person he was looking for, but for public opinion it was not convincing and that hypothesis was dismissed. Later, Dorian himself would end up accepting that he had nothing to do with that creation since he has no idea regarding the subject.

What do you think about this topic? Did you know the history of Bitcoin?

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