All about Bitcoin
Bitcoin is the brainchild of Satoshi Nakamoto, who published a white paper on the invention on October 31, 2008, namely “Bitcoin: A Peer-to-Peer Electronic Cash System”, describing what Bitcoin is. It was on January 2009 when Version 0.1 of Bitcoin was released. And, soon, Satoshi and Hal Finney, a cryptographic activist, transacted in bitcoins.During October 2009, an exchange rate for the bitcoin was established, which was US$1 = 1,309.03 BTC. This rate was decided after framing up an equation as to how much is the cost of the electricity to run a computer, generating bitcoins.
in terms of worth, Bitcoin’s come a long way from its early days. Who would have thought that from US$1 = 1,309.03 BTC in 2009, the worth of internet’s favorite currency would shoot past US$2,900 in June 2017? The History of Bitcoin is not an easy one, but you can learn about it here