History of Bitcoin — Part 1


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Last week, we briefly told you about how cryptocurrencies appeared and we finished by telling you how a person named Satoshi Nakamoto came up with the Bitcoin concept back in 2008. Today, we'll talk about the history of Bitcoin: from the very start to the present day. We'll highlight the key points that had an important role in the making of Bitcoin.
                                                                                                                          Foundation Laid
No one knows when Satoshi Nakamoto started working on the concept, so the “birth year” of Bitcoin is counted as the year when the concept was publicly revealed — 2008. In the same year, after the press releases were published, bitcoin.org was registered, to become an official web-site of the Bitcoin payment service.
The Bitcoin network was launched in January 2009 when the first Bitcoin client app was released, and the first Bitcoin block was generated. The reward amount was 50 bitcoins. The first transaction in the network was conducted on January 12: Satoshi Nakamoto sent 10 coins to an American programmer Hal Finney who also worked on the concept.

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