Bitcoin the first global digital currency that is not centralized

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    nelljci989153
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    Bitcoin is the world’s first digital currency decentralized, was invented in 2009 by an unidentified user or group of individuals using the pseudonym Satoshi Nakamoto. The idea behind Bitcoin was revealed in a whitepaper called “Bitcoin, A Peer-to–Peer Electronic Cash Systems” The paper was published on Internet in the year 2008.
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    The initial release was on January 3, 2009. This was the day that the Bitcoin software was first used to mine. It’s also referred to as the “genesis” block. The headline of the newspaper for the block was “The Times 03/Jan/2009, Chancellor on brink” and included the following “The Times 03/01/2009 Bank bailout.” This is widely believed to be a reference to the financial crisis that hit the world of 2008 which many see as the catalyst for the development of a decentralized currency such as Bitcoin.
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    Bitcoin was initially used by a small group of developers and enthusiasts. It did not enjoy widespread acceptance. As more and more people began appreciate the value and its value, it started to increase. In 2010, the cost of a Bitcoin was just the equivalent of a few cents. However, by 2011 , it had risen to $1.
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    Bitcoin wasn’t an instant success. It had many setbacks during its initial period of time. A major hacking attack in 2011 caused the loss and collapse of Mt. Gox. In addition, the currency was subject to an abundance of regulatory uncertainties and opposition from financial institutions and governments.
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    Despite these challenges, Bitcoin continued to grow in its popularity and value. The year 2013 saw the cost of one Bitcoin exceeded $100 for the first time, and by 2017 , it was at an all-time high of nearly $20,000. This increase in value was largely due to increased acceptance by the mainstream and increasing interest in Blockchain technology.
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    In the present, Bitcoin is considered by many to be the most popular and well-known cryptocurrency in the world. It has inspired thousands of digital currencies and is utilized in numerous industries and applications. While Bitcoin and other cryptocurrency’s future is uncertain, one thing remains certain: Bitcoin’s invention changed the way that we think about money.
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    Bitcoin is a digital decentralized currency. It was invented in 2008 by Satoshi Nakamoto, an unidentified individual or group of individuals, under the pseudonym Satoshi Nakamoto, with the goal of creating a a peer to electronically-based cash system. It makes use of blockchain technology to guarantee protection and transparency of transactions. Despite many obstacles bitcoin is currently the most used and appreciated cryptocurrency across the world.
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