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Development of Bitcoin

Development of Bitcoin

jalandhar, Jalandhar (Jullundur), India
Last Updated : Nov 13, 2020

Related Categories : Financial Institutions

The first move in establishing Bitcoin occurred in 2007, where Satoshi Nakamoto wrote the Bitcoin Code. In 2008 the founder of Bitcoin published a white paper via an online domain bitcoin.org. Satoshi explains in the paper how Bitcoin can operate using computer networks. The purpose of the digital transactions was to end third parties. Bitcoin was published to the public in 2009. Hal Finney became the first Bitcoin miner to download a blockchain. He later mined ten Bitcoins which made him one of Bitcoin’s earliest users. Wei Dai, Nick Szabo, and Gavin Andresen were among the other early Bitcoin enthusiasts.

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