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How Bitcoin Came To Be ?
In 2008, someone named Satoshi Nakamoto emailed the Cyberpunk group. It was a purely academic article. In this article, he was talking about a digital currency again. The intermediary was talking about the consensus network of a system where a peer-to-peer payment system could be provided.. This wasn’t a new idea. Over the years, many people have tried many projects on this subject. However, they were not successful in the long run. Bitcoin, which explained the detailed solutions to the problems faced by previous attempts, such as cryptographic encrypted transfer and storage, proposed a very different financial system that went beyond the traditions. Bitcoin‘s low-cost money transfer and storage system that it made was almost a revolution. Another factor in Bitcoin‘s success was the timing.
How it grew ?
As a result of the effects of the Global Financial Crisis that started in the USA in 2008, many institutions went bankrupt. The most striking rhetoric during the crisis was “A HUGE failure!” it happened. With this discourse, they said that they stopped their activities for the economy and financial institutions they are in because of their size.
At that time, this article was criticized by some people and supported by some people. One of the believers in the system, Hal Finney, worked with Satoshi Nakamoto to contribute to the dec of this system, and the first bitcoin transfer from spouse to spouse took place between these two people.Laszlo Hanyecz, a resident of Florida, on May 22, 2010, at that time, he ordered two oversized pizzas with 10,000 bitcoins, which was equivalent to 41 dollars, and made the first exchange with bitcoin. Bitcoin has developed thousands of new digital currencies. In total, it has become a market that has created a multi-million dollar economy.
