Bitcoin was the first decentralized digital currency.
It uses an online ledger called the blockchain, and its units are called bitcoins.
The blockchain is a public record of transactions that cannot be altered retroactively.
It was introduced in 2008 by Satoshi Nakamoto and it can be used for peer-to-peer payments,
Smart contracts, and a variety of other applications
The Bitcoin protocol is a distributed, peer-to-peer, electronic cash system.
It is the underlying infrastructure for the Bitcoin digital currency.
It was released in 2008 and the first transaction was generated
The BitCoin Virtual Currency
The History of Bitcoin
The blockchain is a ledger of every transaction ever made that cannot be modified.
It is essentially a public distributed database or a data structure
The technology required to maintain this ledger is know as blockchain
The technology was released in 2009 by Satoshi Nakamoto
In 2014, Bitcoin became the first digital currency to be traded on an exchange
The first Bitcoin transaction was made to pay someone for a pizza
The first bitcoin blockchain was generated on January 3rd 2009
The first 1000 Bitcoin transactions were made on January 9th 2009
By June 2010 the value of a single bitcoin was 9 cents
By March 4th 2011 the value of the currency was over $1
By June 13th 2011 the value of the currency was over $100
By June 30th 2012 the value of the currency was over $1,000
By September 13th 2013 the value of the currency was over $10,000
By September 25th 2013 it was over $1,000,000
On October 1st 2013 there was a transaction of over $1,000,000 that went to a new addressAfter being in less than 10 addresses, the last address had over $500,000
The BitCoin protocol is a decentralized virtual currency that works on the principles of peer-to-peer technology.
The technology works like this
Bitcoins are initially created by the computer programs and miners
The BitCoin protocol was released in 2009
It relies on a ledger that is kept by everyone who is participating in the system
The ledger is called blockchain
Every bitcoin transaction is recorded in this ledger
The Bitcoin Protocol appears.