Crypto assets, which are seen as the coins of the future, have greatly increased in popularity in recent years. This being the case, the number of investors started to increase exponentially all over the world, including our country. In fact, people who saw the opportunity early and invested years ago turned the corner, so to speak.
Today is the 13th birthday of Bitcoin, the most valuable asset of the cryptocurrency market. We tried to convey to you the unknown details about the crypto money special today. Here are the details…
Elon Musk reveals who Bitcoin founder Satoshi could be
Tesla and SpaceX CEO Elon Musk announced who Satoshi, the founder of the largest cryptocurrency position, Bitcoin, could be.
Who Invented Bitcoin?
Especially lately, it has been at the forefront with its unknown founder rather than the value of Bitcoin. Crypto money, known to have been founded by a person or group named Satoshi Nakamoto, came to life on January 3, 2009. Many claims have been made to date about the identity of Bitcoin’s founder. However, the inverse proportion between the emerging claims made the person or group in question almost an urban legend.
These claims are; April 5, 1975 on Japan that he is a man of ancestry, otherwise not Japanese America or Europea living in cryptographer and computer scientist was as it was.
Despite all these confusions, there is only one accepted fact that until 2011, the Bitcointalk forum published important public messages about the development process of crypto money and suddenly disappeared.
Of course, at that time, the term cryptocurrency was not very well known. His name was pronounced only among those who worked on this subject. Even before his disappearance, Satoshi had stated that the nonprofit Wikileaks was not trying to use Bitcoin, that the cryptocurrency was in its infancy and was not ready for such a massive level of popularity. Perhaps even its founder could not have predicted that cryptocurrencies could become what it is today.
Finally, it should be noted that Satoshi Nakamoto never appeared for 13 years. Today, although Satoshi claims have been made for a few names, unfortunately, none of them went beyond rumors.
What technologies does Bitcoin use?
Bitcoin is a decentralized cryptocurrency and there is no payment system. The entity, which adopts the blockchain infrastructure, is also the inspiration for today’s altcoins. On the other hand, all cryptocurrencies other than Bitcoin are called altcoins.
Blockchain technology used by crypto money is a constantly growing and developing list of records called blocks, which are connected and secured by cryptography. Here, we need to briefly explain the term cryptography. Because this method is used to render the information contained in a readable data in a way that cannot be understood by undesirable parties.
Cryptocurrencies, especially Bitcoin, are stored in digital wallets. In fact, what is stored here is not the asset itself, but complex passwords that only the owner of the money in the records will know and cannot be remembered.
How did Bitcoin evolve?
The first Bitcoin transfer in history was made for testing purposes between Satoshi Nakamoto, the founder of crypto money, and cryptographer Hal Finney, who helped him in this process. According to the allegations, 10 Bitcoins were used in this transaction.
The first purchase was made on May 22, 2010 with the purchase of a pizza for exactly 10,000 Bitcoins. It should be noted that this amount was 40 dollars at that time, and today it is over 470 million dollars.
Of course, the development of Bitcoin has never been rosy. A few years after its founder disappeared, it started to be noticed and used by a small group. There were even opinions that crypto money was a fraud method for a while. For this reason, he could not achieve the development he wanted for a long time. In short, it has seen both the top and the bottom many times over a long period of 13 years. Undoubtedly, investors were the most affected by this situation.
It has even been made the official currency by countries like El Salvador today. On top of that, it broke the all-time record by exceeding $66 thousand in the past months and made its investors very satisfied. As of 03.01.2022, it is trading at 47 thousand dollars.