Brief History of Bitcoin
1. Published
in 2008 by the anonymous creator dubbed “Satoshi Nakamoto” .
2. First
Transaction of Bitcoin was made in 2009.
3. Have gone
through few bugs in the software
4. Begin to
be accepted in major companies such as: WordPress and Microsoft until 2013.
5. Currently,
1 Bitcoin is roughly equal to 291 US Dollar.
Difference between Bitcoin and conventional monetary system
US
Dollar
|
Bitcoin
|
|
Monetary
System
|
Centralized
(e.g. Federal Reserve)
|
Decentralized
(e.g. maintainers)
|
Transaction/
Usage
|
Slow
and not complete anonymity.
|
Fast
and guarantee near complete anonymity
|
Possible
Risks
|
Inflation,
Government
Corruption
|
Fluctuating
value of Bitcoin,
Money
Laundering
|
Reference Links:
Bitcoin main website: https://bitcoin.org/en/
