History of BTC
Bitcoin was created in 2009 by an individual or group of individuals going by the pseudonym "Satoshi Nakamoto". The true identity of Satoshi Nakamoto has never been revealed, and it is possible that the name is a pseudonym for one person or a group of people.
The idea for Bitcoin was first introduced in a white paper published by Satoshi Nakamoto in 2008. The white paper described a new electronic cash system that was based on a decentralized network of computers, rather than a central authority.
In January 2009, the first block of Bitcoin, known as the "genesis block," was mined. The first transaction using Bitcoin was conducted in the same month, when a programmer named Laszlo Hanyecz paid 10,000 BTC for two Papa John's pizzas.
Since its inception, Bitcoin has experienced significant price fluctuations and has faced numerous challenges, including regulatory hurdles, cyber attacks, and competition from other cryptocurrencies. Despite these challenges, Bitcoin has remained the most valuable and widely used cryptocurrency, working within market capitalization of over $719.48B as of 2023.