Bitcoin (BTC), which has become a global investment tool, took its first step by publishing a whitepaper on October 31, 2008.
Bitcoin emerged in 2008, when there was a worldwide economic crisis. An entrepreneur under the pseudonym Satoshi Nakamoto introduced the peer-to-peer payment system BTC. Nakamoto, who published the whitepaper on October 31, 2008, laid the foundation of BTC. Exactly 14 years later, BTC has become the most popular investment vehicle globally. Nakamoto, who revolutionized the financial industry, has not yet appeared.
Satoshi Nakamoto Starts Revolution with Bitcoin Whitepaper
According to the archives, Bitcoin inventor Satoshi Nakamoto excitedly announced the peer-to-peer payment method. Stating that a third party is not required for the execution of a transaction, Nakamoto gathered all the details on the whitepaper.
The whitepaper also featured double-spend prevention, anonymity, business reconciliation and mechanism. It is stated that Nakamoto spent years preparing the whitepaper.
Nakamoto has traditionally written the entire Bitcoin code structure before publishing the whitepaper. He also avoided using the term mining on its own and included the word “produce”.
The whitepaper, which appeared exactly 14 years ago today, consists of 3192 words and 9 pages. The founder of Indian crypto exchange Wazirx stated that the whitepaper is a revolution rather than an article.
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