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WHAT IS BITCOIN ? OR HISTORY OF BITCOIN.

WHAT IS BITCOIN

What is bitcoin or the History of the coin: It is the world’s first cryptocurrency, Which is an open source-based decentralized virtual or digital currency. Bitcoin.org was first registered on August 18, 2008.

WHAT IS BITCOIN ? OR HISTORY OF BITCOIN.

And October 31 of that year a white paper was first published called Bitcoin peer-to-peer electronic cash system. White Paper is posted for other cryptographies on the Cryptography Mining List.

How the peer-to-peer network works
And what is Coin was all about in that’s a white paper.

WHAT IS BITCOIN

Its publisher’s name was Satoshi Nakamoto:

Since then, Satoshi Nakamoto has been recognized as the founder and inventor of Bitcoin. Although there is still a huge mystery about the identity of Satoshi Nakamoto. Nakamoto is it any person or is it any Group of individuals, There is a lot of controversy in the online community still now.

January 23, 2009, The first version was released on the coin network as an open-source project. And then Satoshi Nakamoto started the first blockchain of Bitcoin called Genesis Block. The first transaction of coin Occurs between Satoshi Nakamoto and programmer Hal Finney. Hal Finney downloaded the bitcoin software on the first day of its releases. January 12 Hal Finney first received 10 units of the coin from Satoshi Nakamoto.

Besides Hal Finney, Wei dei and bitcoin inventor Nick Szabo were among the supporters of the coin.
Satoshi Nakamoto and Several programmers and some cryptographers were mining the full development of bitcoins after the coin was introduced.

But April 23, 2011, via email to Bitcoin co-developer Mike hunt, Satoshi Nakamoto announced his departure.
However, Satoshi Nakamoto did not go empty-handed By then, Nakamoto had mined more than a million coins. Its current market value is more than 23 billion dollars.

After Satoshi Nakamoto left, news agencies, law enforcement agencies, starting searching for who is the founder of a coin? Although many have questioned coin as its founder over the past few years,
Everyone had dinner as the founder of the coin. They all claim to be simple collaborators of bitcoin.

After leaving Nakamoto, Gavin Anderson the coin Foundation’s Lead Developer, is working as a coin Face worldwide. Gabin Anderson is encouraging everyone with the development promotion of Bitcoin now.

Bitcoin is one of the other features: WHAT IS BITCOIN

The coin will be up to a maximum of 21 million.
Then there will be no new bitcoin in the world.
So far 18.5 million coins have been mined already, 3.5 million remains to be completed.
To recall the last coin according to the coin algorithm It may take until 2040.

Coin miners are basically doing the currency electronically printing.
However, they are getting rewards for this mining. However, in the case of coin mining, the reward is halved every four years.
In 2012 coin minors get every block 25 unit coin. But now 2021 coin minors get each block 6.5 unit coin.

In 2014, Microsoft began accepting sales as a payment method for their digital products. In October 2020, PayPal accepted coin as a payment method for several large companies.


Coinbase and blockchain are the most popular wallets for coins. the coin can be stored in all wallets and transactions can be done easily.

In Bangladesh coin, Lite Coin, Ethereum, Mining Cryptocurrency Absolutely Banned Since 2014.
Thank all.

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