Bitcoin, How It Changes The World

Yeah, Do you know Bitcoin?

Surely almost everyone knows it, if you don't know maybe you should know now. We have all seen the development of Bitcoin from the beginning until now, this is one of today's payment technology innovations that makes our lives easier without the need for a third party as a payment intermediary.

Apart from being used as a digital payment instrument, Bitcoin is now traded as an investment option.

Creation

In 2008, Bitcoin's origins began with the registration of the bitcoin.org domain and the release of the paper Bitcoin: Peer-to-peer Electronic Money Systems. By a person or group on behalf of Satoshi Nakamoto and continued with the release of the Bitcoin software as open source code and early chain block mining in 2009.

The recipient of the initial Bitcoin transaction was Hal Finney, he downloaded the Bitcoin software on January 12, 2009 and received ten Bitcoins from Satoshi Nakamoto. Bitcoin's first known commercial transaction was when a programmer Laszlo Hanyecz bought two Papa John's pizzas for 10,000 Bitcoin, this incident we know today as Bitcoin Pizza Day.

At the end of 2010, Nakamoto handed over the continuation of the development to software developers named Gavin Andresen, and thus officially decentralized the Bitcoin network.

Previously, the control of the bitcoin code was relatively centralized because only Nakamoto could make changes to the code.

Usability Value

Bitcoin is designed to work in peer-to-peer transactions as a currency and every bitcoin transaction is recorded on a public ledger called the Bitcoin Blockchain, Bitcoin is generally used as a means of payment and investment platform.

Bitcoin as a means of payment is generally used for all digital transactions, there are still many negative sentiments aimed at Bitcoin as a means of payment, but there are still many people who believe that Bitcoin is a future payment innovation that will be commonly used.

The future of Bitcoin is now even brighter, especially since El Salvador became the first country to adopt Bitcoin as a legal tender. Can't wait to see the development of Bitcoin in the future.