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Bitcoin was designed by its inventor, Satoshi Nakamoto, to work as a currency. [3] [4] It is commonly referred to with terms like: digital currency, [5]: 1 digital cash, [6] virtual currency, [7] electronic currency, [8] digital gold, [9] or cryptocurrency. [1] [a] The question whether bitcoin is a currency or not is disputed. [1]
Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity (person or persons). [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender. [4]
It is considered to be bitcoin's reference implementation. [1] Initially, the software was published by Satoshi Nakamoto under the name "Bitcoin", and later renamed to "Bitcoin Core" to distinguish it from the network. [2] It is also known as the Satoshi client. [3]
On one bitcoin exchange, 1 BTC topped at nearly $13,500, just shy of 2 times the value of the International market. [200] [201] 15 December 2017 $17,900 : Price reached $17,900. [202] 17 December 2017 $19,783 : Price rose 5% in 24 hours, with its value being up 1,824% since 1 January 2017, to reach a new all-time high of $19,783.06. [203] 22 ...
Peter Todd is a Canadian cryptographer and software developer who was an early contributor to the development of Bitcoin. [1] Todd has been involved in cryptocurrency since the early 2010s and has worked on blockchain and privacy-focused projects. [2]
Satoshi Nakamoto message embedded in the coinbase of the first block. Nakamoto said that the work of writing bitcoin's code began in the second quarter of 2007. [9] On 18 August 2008, he or a colleague registered the domain name bitcoin.org, [10] and created a web site at that address.
The words block and chain were used separately in Satoshi Nakamoto's original paper, but were eventually popularized as a single word, blockchain, by 2016. [ 17 ] According to Accenture , an application of the diffusion of innovations theory suggests that blockchains attained a 13.5% adoption rate within financial services in 2016, therefore ...
Craig Steven Wright (born October 1970) [1] is an Australian computer scientist and businessman. He has publicly claimed to be the main part of the team that created bitcoin, and the identity behind the pseudonym Satoshi Nakamoto.