9th anniversary of the birth of bitcoin

31 October 2017, 15:31 | Technologies
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Today it is exactly nine years since Satoshi Nakamoto published a document called Peer-to-Peer Electronic Cash System (Peer-to-Peer Electronic Cash System).

This document is also available for download on the Bitcoin domain. org. Since then, the project has grown to an incredible size, and its capitalization at the moment is $ 100 billion. Here is the beginning of this document:.

With a peer-to-peer device of the monetary system, you can conduct electronic transactions between participants directly, bypassing any financial institutions.

This task is partially solved using the digital signature, but the need for a trustee to control to avoid double costs deprives the approach of all advantages. We propose a decentralized solution of this issue.



Now, such networks are used by three million users every day, and according to various forecasts, this number will increase to 200 million within seven years.

October 31 this year is also of great importance for other reasons - today, the deadline when the Chinese crypto-exchange markets should stop their activities.

Most of the Chinese traders have already switched to alternative systems or moved to neighboring countries, where the situation with crypto-currencies is much more favorable. However, despite the situation in China, no one doubts that Bitcoin and crypto-currencies are the future.

Based on materials: bitcoin.org



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