History Of Bitcoin

History Of Bitcoin

Bitcoin is a cryptocurrency, invented in 2008 by Satoshi Nakamoto, but he began working on the Bitcoin concept in 2007. On 18 August 2008, the domain name bitcoin.org was registered. The domain was registered at anonymousspeech.com, a site that allows users to anonymously register domain names and currently accepts Bitcoins. 

October 31, 2008, Nakamoto publishes a design paper through a metzdowd.com, titled Bitcoin: A Peer-to-Peer Electronic Cash System. this paper describes the Bitcoin currency and solves the problem of double spending so as to prevent the currency from being copied.

On January 3, 2009, Block 0, the genesis block is established.

The first open source bitcoin client was released on 9 January 2009, hosted at SourceForge

On January 12, 2009 The first transaction of Bitcoin currency, in block 170, takes place between Satoshi and Hal Finney, a developer and cryptographic activist. Finney downloaded the bitcoin software the day it was released, and received 10 bitcoins from Nakamoto.

The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's.

On October 5, 2009 New Liberty Standard publishes a Bitcoin exchange rate that establishes the value of a Bitcoin at US$1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins. 

Source:

https://en.wikipedia.org/wiki/History_of_bitcoin

http://historyofbitcoin.org/

https://futurism.com/images/the-entire-history-of-bitcoin-in-a-single-infographic/