Bitcoin White Paper Celebrates 16th Anniversary
October 31 marks the 16th anniversary of the release of the Bitcoin white paper, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” by the pseudonymous Satoshi Nakamoto on the P2P foundation website. The groundbreaking paper laid the foundation for the world’s first decentralized cryptocurrency.
The Bitcoin network was officially launched on January 3, 2009, with an initial transaction price of just $0.0008 per Bitcoin. Since then, the value of Bitcoin has appreciated by an astounding 90 million times, reaching its current price of $72,309 and a total market capitalization of $1.43 trillion, according to recent market data.
The Bitcoin white paper’s anniversary serves as a reminder of the remarkable journey and growth of the cryptocurrency industry over the past 16 years, with Bitcoin leading the way as the most prominent and valuable digital asset.
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