.jpeg)
Where did Bitcoin's come from?
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. In 2021, El Salvador adopted it as legal tender.
What was the price of 1 Bitcoin in 2009?
Bitcoin was originally worth next to nothing. The transaction that first gave Bitcoin monetary value was in October 2009, when Finnish computer science student Martti Malmi, known online as Sirius, sold 5,050 coins for around INR 414.65, giving each Bitcoin a value of $0.0009 each.
Who invented Blockchain?
Satoshi Nakamoto
The first decentralized blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008.
Who owns the most Bitcoin?
Satoshi Nakamoto owns the most bitcoin with an estimated 1.1 million BTC. Satoshi not only invented but also kickstarted Bitcoin, by being the first miner to create blocks of transactions.
Who controls Bitcoin?
Bitcoin is not controlled by any single group or person. Instead, it is governed by multiple stakeholders — including developers, miners, and users. Developers write the code that makes Bitcoin run; miners validate transactions; and users put the software to work by trading, transacting, holding, and more.
How rich is the Bitcoin Founder?
Holding a million bitcoins places Nakamoto's net worth at approximately $51.56 billion. Furthermore, were Nakamoto to be ranked on the Forbes Real-Time Billionaires list, the creator of Bitcoin would stand as the 26th richest individual globally.
How can you mine Bitcoin?
To be able to mine, you'll need to invest in one of the top graphics processing units (GPUs, often called video cards) for your computer or an application-specific integrated circuit (ASIC). Capable GPUs can range in price from about $1,000 to $2,000; ASICs can cost much more, into the tens
of thousands of dollars.
Thanks for your feedback