Satoshi Nakamoto saw the light exactly 9 years ago
On October 31, 2008, a developer or a group of developers under the pseudonym Satoshi Nakamoto presented a publication called Bitcoin: A Peer-to-Peer Electronic Cash System, bitcoin.com .
The sensational document of Satoshi Nakamoto, who was exactly 9 years old today, described a revolutionary technology that allowed the creation of the world's first decentralized monetary system. Digital money allowed to make payments without using an intermediary. The money was also conceived separately from the regulation of the government and some other oversight body.
"Bitcoin is a truly peer-to-peer payment system that will allow you to conduct transactions directly between participants without involving banks. Digital signatures can partially solve the problem, but the main advantages are lost if third parties are to be attracted to prevent recycling. We propose to solve the problem through the peer-to-peer network. It puts the timestamps on transactions, hashing them one after the other in a chain with proof of the work done. The records thus formed can not be changed without having completed the entire volume of calculations, "- written on the first page of the White Paper of Bitcoin.
Bitcoin appeared in 2009 and began to change people's attitude to transactions and the financial system. And it all started with just a few supporters of innovation. But now millions of people consider Bitcoin a "people's" form of money. Not subject to regulators Bitcoin is based on a mathematical algorithm and it is strikingly different from the current banking system.
Today Bitcoin costs more than $ 6000, and every 24 hours users of the first crypto currency send each other billions of dollars in Bitcoins.
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