Birth of Bitcoin:
As it has been reviewed in the current literature, in 2008, still unknown person using the name of Satoshi Nakamoto released a paper to the mailing list for cryptography entitled ‘Bitcoin: A Peer-to-Peer Electronic Cash System’. Right now people do not know who Satoshi’ really is, to date many people have tried to assume to know him but no one knows his real identity to-date.
First Bitcoin Block:
Digital currency that goes by the name of Bitcoin was launched on 3rd January 2009 at the time that the initial block of the same was mined. Neither user nor developer, therefore, expected to use the Bitcoin network as it started this day, a little over six months before it would appear in a usable state.
First Transaction:
Days later on January 12 2009 Satoshi donated 10 Bitcoin to a developer by the name Hal Finney. This is—or was—officially referred to in the literature as the first Bitcoin transaction ever to occur.
Pizza Purchase:
If 2010 had been the year one could buy two pizzas with 10,000 Bitcoins, then. This stays as one of the first attempts of purchasing a real product with Bitcoins. Today had they hold such coins in their bitcoin wallet the worth of those coins would have been in millions.
Growing Popularity:
In following years, more and more people beginning to use the Bitcoin as the type of investment. Much attention was paid to it by 2013 and value begins to rise.
Challenges and Changes:
There are certain issues with Bitcoin for example; the authorities are against it and bugs. It also led to other developments in the form of fork to other versions such as the Bitcoin Cash in the calendar year 2017.
Mainstream Acceptance:
More recently, giants of business and even entire countries have begun to pay attention to Bitcoins. Making ‘Bitcoin’ legal
tender:
The current government of Bukek begins the march towards the legalization of Bitcoin in the country towards the last quarter of 2021.
Bitcoin was an extremely volatile investment, but it developed into rather a conventional digital money and commodity.