Bitcoin
| 1 Week | 1 Month | 6 Months | 1 Year |
|---|---|---|---|
| -7.32% | -3.79% | +34.19% | +118.39% |
| Rank | Market cap | Volume (24h) |
|---|---|---|
| 1 | $1 891 351 709 632 | $ 42 655 326 937 |
Bitcoin emerged as a decentralized cryptocurrency following the publication of a 2008 whitepaper authored by an individual or group known by the pseudonym Satoshi Nakamoto. Its official launch occurred in January 2009, marking the inception of the cryptocurrency.
Functioning as a peer-to-peer online currency, Bitcoin operates on a network where transactions occur directly between individual network participants, devoid of any intermediary oversight or facilitation. Nakamoto's vision, as articulated in the whitepaper, aimed to enable direct online payments between parties without reliance on traditional financial institutions.
While antecedent ideas for decentralized electronic currencies existed, Bitcoin holds the distinction of being the inaugural cryptocurrency to gain real-world traction and usage. Its introduction marked a significant milestone in the realm of digital currencies, laying the foundation for the proliferation and subsequent development of various cryptocurrencies within the decentralized landscape.
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