In simple terms, Bitcoin is a virtual currency or digital currency and this money can be sent peer to peer through a centralized network. Bitcoin has revolutionized the technology of blockchain, people can send/receive money via a digital wallet and every single transaction is recorded in a public list called Blockchain. Bitcoin is not regulated by any bank or government; it is controlled by a highly intelligent centralized system where each transaction is tracked.
In 2008, a person or group using the name Satoshi Nakamoto published a paper on bitcoin and in 2009 Nakamoto mined the first bitcoin. To this day the identity of Satoshi Nakamoto remains a mystery because several groups and people claimed to be Satoshi Nakamoto, but none have been satisfactory enough to be viewed as conclusive. On 17, December 2017 Bitcoin skyrocketed to an all time high of of $19,783.06.
Through this infographic, courtesy of Zenesys, let’s visualize the amazing journey of Bitcoin.
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David Wallace is a search & social media marketer who lives in Ahwatukee Arizona with his lovely wife. Interests & hobbies include all things Disney, roller coasters, musicianship and Christianity.
