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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.
Bitcoin (abbreviation: BTC; sign: ₿) is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. [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 ...
Bitcoin soared to an all-time high this week thanks to massive inflows from newly launched ETFs, which signaled to many that the original cryptocurrency—once derided by Wall Street as a scam ...
By November 2018, bitcoin was estimated to have an annual energy consumption of 45.8TWh, generating 22.0 to 22.9 million tons of CO 2, rivalling nations like Jordan and Sri Lanka. [251] By the end of 2021, bitcoin was estimated to produce 65.4 million tons of CO 2, as much as Greece, [252] and consume between 91 and 177 terawatt-hours annually ...
“We estimate Satoshi’s funds total 1.124 million Bitcoin across about 36,000 wallets. ... The mass unloading of over 1 million Bitcoins would certainly roil the market and tank prices. Ginns ...
Bitcoin price surge after Elon Musk and Tesla announcements of investments into Bitcoin, including acceptance of payment. [214] 16 February 2021 $50,000 : Bitcoin price reached new all-time high of $50,000. [215] 10 April 2021 $60,000 : Bitcoin back above $60,000 as Coinbase gets ready to go public on the stock market. [216] 14 April 2021 $64,800
Hal Finney (4 May 1956 – 28 August 2014) was a pre-bitcoin cryptographic pioneer and the first person (other than Nakamoto himself) to use the software, file bug reports, and make improvements. [27] He also lived a few blocks from a man named Dorian Satoshi Nakamoto, according to Forbes journalist Andy Greenberg. [28]
Bitcoin Cash (also referred to as Bcash) is a cryptocurrency that is a fork of bitcoin. Launched in 2017, Bitcoin Cash is considered an altcoin or spin-off of bitcoin. [9] [10] [11] In November 2018, Bitcoin Cash further split into two separate cryptocurrencies: Bitcoin Cash (BCH) and Bitcoin Satoshi Vision (BSV). [12]