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| Bitcoin is a decentralized cryptocurrency created in 2008 by the pseudonymous Satoshi Nakamoto.This account resumes the whole history of Bitcoin since 2008 to 2017 and 2018.
On 18 August 2008, the domain name bitcoin.org was registered.
Later that year on October 31st, a link to a paper authored by Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. On the 9th of November, the Bitcoin project was registered at the open-source-projects community resource, SourceForge.net.
How much was bitcoin worth in 2009? The value of the first bitcoin transactions were negotiated by individuals on the bitcoin forum with one notable transaction of 10,000 BTC used to indirectly purchase two pizzas delivered by Papa John's. This was the only major security flaw found and exploited in bitcoin's history. Based on bitcoin's open source code, other cryptocurrencies started to emerge.
On June 13th, 2011 the first bitcoin theft occured. User allinvain reported 25 thousand coins (375 thousands USD) were stolen.
Through the time, number of businesses accepting bitcoin continues to increase. In January 2017, NHK reported the number of online stores accepting bitcoin in Japan had increased 4.6 times over the past year. BitPay CEO Stephen Pair declared the company's transaction rate grew 3× from January 2016 to February 2017, and explained usage of bitcoin is growing in B2B supply chain payments. In 2017 Bitcoin gains more legitimacy among lawmakers and legacy financial companies. For example, Japan passed a law to accept bitcoin as a legal payment method, and Russia has announced that it will legalize the use of cryptocurrencies such as bitcoin. And Norway’s largest online bank, Skandiabanken, integrates bitcoin accounts.
To see Bitcoin price since 2009 to 2017 and 2018, Bitcoin price charts click read more.
|Good new article|
| CODEX is an officially licensed digital asset exchange, globally available and easily accessible, allowing its users to conveniently buy, store, sell and trade the world’s most eminent cryptocurrencies at near-zero fees (0.1%).
The platform was launched and registered in Tallinn, Estonia in 2018 under the name CRYPTAGIO OÜ. Estonia was chosen as a country to hold and run the business in mainly because it is well positioned to be a place where modern crypto space can certainly feel welcome. This country hosts many Bitcoin ATMs, cryptocurrency startups, and a global peer-to-peer buying and selling service for virtual currencies.
Currently, CODEX is operating under a fully licensed model. CODEX obtained licenses for providing services of exchanging a virtual currency against a fiat currency FVR000169 and providing a virtual currency wallet service FRK000141. In other words, CODEX can incorporate the support for fiat currencies into the platform as well as build and provide its users with a secure wallet for storing assets.
|Mining or how to earn coins|
| Mining is the process of adding transaction records to Bitcoin's public ledger, that is, its blockchain. A "mining rig" is (a colloquial metaphor for) a single computer system that performs the necessary computations for mining. Bitcoin nodes refer to the blockchain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.
Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain proof of work to be considered valid. This proof-of-work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.
Bitcoins are the best crytpocurrency for ensuring anonymity during transactions. After mining coins, they can be used only after getting 100 network confirmations.
The issuing of bitcoins is called mining because, like the mining of gold or other naturally limited resources, it slowly and painstakingly makes new currency available until it runs out.
|Initial Coin Offering (ICO)|
| ICO (Initial Coin Offering) ICOs Initial coin offerings – also called token sales or crowdsales – are an unergulated, fast, high-risk, and commonly Ethereum-based crowdfunding mechanism for early-stage digital asset ventures. In ICOs, funds are raised by offering investors cryptocurrency tokens which act as a kind of voucher that may be traded for some resource or special feature of the venture in the future (e.g. storage space, datasets, etc.), in exchange for legal tender or other cryptocurrencies. ICOs might also sell investors royalties or a right of ownership to the project instead of cryptocurrency.
ICOs are commonly compared to IPOs. However, there is a crucial distinction: in ICOs, investors purchase a piece of the ecosystem of a venture's future technology project or platform, whereas in IPOs, investors buy shares (i.e., they take a piece of equity) in the owership of an operating company, becoming owners of part of the company's cashflow and profits. Even so, some ICO campaigns do design their tokens to represent ownership in the company, effectivley turning their tokens into securities, which are subject to state regulations.
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