The Bitcoin White Paper was first released on 31 Oct., 2008 by the pseudonymous Satoshi Nakamoto. In 13 years, the coin took the world by storm, rising in value from $0 to around $67,000 in the last quarter of 2021.
From an investment point of view, Bitcoin has been debated as a hedge in the alternative asset class category, digital money for exchange, framed as “digital gold” by several crypto proponents, and equated to a risk asset due to its correlation to tech stocks.
All this while regulators raise financial stability, securityand money laundering concerns in the virtual asset sector.
Regardless of where one stands on the coin, it can be agreed that Bitcoin became the poster boy for blockchain technology. So much so that its origins even reminded people of the late 90s and early ’00s era of the internet, or dot com.
In the White Paper, Satoshi described Bitcoin as “a purely peer-to-peer version of electronic cash.” Not only did the paper propose “a solution to the double-spending problem,” the technology created a tamper-proof system of recording transactions with timestamps.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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