Bitcoin: The mother of all cryptocurrencies

Bitcoin: The mother of all cryptocurrencies

In January 2009, an individual or pseudonym by the name of Satoshi Nakamoto, announced that the first Bitcoin transaction had taken place between him and Hal Finney.  This was the beginning of a revolution which promises to change how humankind deals with money, finance and how we do business.

Bitcoin appeared at a time when the traditional markets were in collapse. The 2008 crash exposed a fragile financial system that required massive State intervention in order to recover and become functional again. In this context, a new kind of money appeared, and its very first record contained a message that reflected the reality of the time:

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”

This now legendary quote was stamped forever on Bitcoin’s very first mined block. Since the blockchain on which Bitcoin is built is immutable, Satoshi’s message is coded there forever, carved in cryptographic stone.

Every first generation cryptocurrency, including Litecoin, Dogecoin, Reddcoin and hundreds of others were somehow derived from Bitcoin with slight variations.

Find complete historical and technical data, software development information and comprehensive documentation about all aspects of Bitcoin on the official Bitcoin wiki.

Bitcoin in a Nutshell

Mineable? Yes. Bitcoin is the world’s first mineable Bitcoin and created the concept of mining.

Hashing algorithm: SHA256

Bitcoin will pay block rewards until the year 2140.

Cryptocurrency Symbol: BTC

Maximum supply: 21.000.000 BTC

Current circulating supply (mid 2018) : 17.063.812 BTC

Official Contacts

Note: This article has been artificially backdated to January 9, 2009 as a tribute to the date of the first ever Bitcoin transaction.



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