Happy ๐ #BitcoinPizzaDay ๐
Bitcoin was first introduced on November ,1 2008 when pseudonymous Satoshi Nakamoto published a whitepaper entitled "Bitcoin: A Peer-to-Peer Electronic Cash System". This paper introduced a new digital currency that would operate on a decentralized system without relying on governments or the banking system.
In January 2009, the Bitcoin protocol was released, and the first bitcoin transaction took place between Satoshi Nakamoto and a programmer named Hal Finney. The transaction involved sending ten bitcoins from Nakamoto to Finney.
After that first transaction, more people began to discover Bitcoin and join the network. Bitcoin gained popularity among a small community of tech enthusiasts by demonstrating that Bitcoin could function without a central authority or intermediary.
On May 17, 2010, a programmer named Laszlo Hanyecz, a resident of Florida, USA, announced that he would give 10,000 Bitcoins if someone could deliver two pizzas to him.
On May 22, he paid 10,000 Bitcoins to a 19 years old student named Jeremy Sturdivant, for two pizzas delivered to him.
It marked the first time bitcoins were used as a medium of exchange for a real-world transaction.
To commemorate that event, the day May 22 that first real-purchase made with Bitcoin for two pizzas was known as "Bitcoin Pizza Day".
Bitcoin, which was worth less than $0.01 when Laszlo made that order, is now worth over $1 billion 15 years later.
What will the price be in the next 10 years?
It is difficult to predict and there is a risk of profit or loss when trading Bitcoin, so you need to trade only after careful research.
So whether youโre considering using Bitcoin for everyday transactions, investing for the future, or simply interested in the technology behind it, understanding how Bitcoin works is essential.
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