Category: Bitcoin

Bitcoin was created by an anonymous person or group who called themselves Satoshi Nakamoto. Nakamoto published the invention on October 31, 2008, to the Cryptography Mailing list called metzdowd.com. The research paper was called “Bitcoin: A Peer-to-Peer Electronic Cash System”. It was implemented in its first client and released to the open source community in January 2009. The network came into existence on January 3, 2009, with the release of the first cryptocurrency software and the issuance of the first bitcoins. Satoshi Nakamoto continued to collaborate with other developers on the bitcoin software until mid-2010. Around this time, he handed over control of the source code repository to developer Gavin Andresen. Nakamoto also transferred several related domains to various prominent members of the community, and then stopped his involvement in the project. Prior to his absence and handover, Satoshi Nakamoto made all modifications to the source code.

At first, the initial exchange rates were set by individuals on online forums. The first “famous” transaction was the infamous 10,000 bitcoin pizza purchase, worth around 20 million USD eight years later. Today, however, most exchanges are made through online trading platforms. In 2013, several mainstream websites began accepting bitcoin. WordPress started in November 2012, followed by OKCupid in 2013. In 2014 several major vendors started to accept bitcoin, including TigerDirect, Overstock.com, Expedia, Dell, and Microsoft.

Bitcoin Basics Lesson 5: Transactions and the Blockchain

www.sam mIn Lesson 4, you learned that there’s a wide range of wallet solutions available to you as a consumer. You also learned that bitcoin wallets do not actually store bitcoins, but rather they...

Bitcoin Basics Lesson 6: How to Buy Bitcoin!

In Lesson 5, you learned that bitcoin transactions are not encrypted and can be viewed by anyone using a blockchain browser. You also learned transactions need to be verified by miners on the blockchain...

Bitcoin Basics Lesson 7: How to Spend Bitcoins

In Lesson 6, you learned that bitcoin can be sold and purchased just like other currencies through exchanges. You also learned that you can exchange bitcoin with people directly, just like with cash. In...

Bitcoin Basics Lesson 8: Bitcoin Mining

In Lesson 7, you learned that there are over 100,000 merchants out there who accept bitcoin as payment and how to find them. You learned how to sign up for a bitcoin debit card...

Tips To Get Bitcoins

Here are some useful tips on how to acquire and use bitcoin: Download the Bitcoin.com Wallet to buy some bitcoin. Remember, you do not have to buy a whole bitcoin. Bitcoin is divisible so you can...

Bitcoin Basics Lesson 9: Bitcoin Exchanges

In Lesson 8, we explored the world of mining and the process of adding and confirming transaction records to the blockchain. This process is also how new bitcoins are created. You learned that mining...

Bitcoin Basics Lesson 2: Essentials of Bitcoin

In Lesson 1, you learned that Bitcoin is a decentralized cryptocurrency invented in 2009 by Satoshi Nakamoto and that it can be freely transferred between people all over the world, without the control or...

Bitcoin Basics Lesson 3: Bitcoin Exchange Rates

In Lesson 2, you learned that bitcoin is pseudonymous rather than anonymous and that you can make use of a wallet to protect and access your money. You also learned that bitcoins are stored...

Bitcoin Basics Lesson 1: Cryptocurrencies and Bitcoin

In Lesson 1 you will learn:  Cryptocurrencies are decentralized digital currencies secured with cryptography Bitcoin is the top cryptocurrency due to its first-mover advantage Bitcoin was created by Satoshi Nakamoto Bitcoin is only in...

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