What is the Bitcoin currency, its origin, its exchange, its mining, its inventor, how to get it Bitcoin.
?What is Bitcoin
In this article, we will talk about Bitcoin. First, it is an encrypted currency, meaning that it does not exist in our real life, like other currencies such as the dollar, the euro, etc. ... that is, we cannot hold it by hand. It is a decentralized currency. This currency was first invented in 2008 from A man or a group of people who have an unknown identity and were called (Satoshi Nakamoto), where the process of extracting this currency began in the year 2009 and this currency was issued as an official digital currency in the same year on 3/1/2009 the currency symbol is (₿) lies sending Bitcoin currency from one person to another directly without the need for any intermediary such as banks and the like, and there are now in our time millions of users and miners of this encrypted currency.
Bitcoin Origin:
This currency was first introduced in 2008 by a man who called himself Satoshi Nakamoto. This currency was described by this man as an electronic cash system that allows anyone to make money transfers from one person to another directly without the need for an intermediary such as central banks. The inventors of this coin asserted that the aim of it is to change the global economy for the better. Indeed, this was done in a big way, as the value of this coin rose to thousands of dollars for one currency, and the method of collecting this coin depends on mining.
Bitcoin inventor:
In the year 2016, an Australian man presented some evidence that he is Satoshi Nakamoto, the inventor of the bitcoin currency. However, this evidence was discovered to be falsified and it was found that he had forged this evidence and it turned out that the inventor of this digital currency remained anonymous to this day, but the strange thing is that this man remained with an identity Unknown and not revealing his name or real identity. Some experts and specialists in the field of digital currencies say that this is one of the reasons for the success of this currency in a very large way, and others say that this man remained afraid of threats and his personal life, and therefore he kept his identity unknown in this way.
First Bitcoin purchase:
The first purchase of this currency was in 2010, when a man named Laszlo Hantsch bought a pizza for 10,000 bitcoins, which today is worth more than 300 million dollars already. It's almost a miracle. Imagine if you had one bitcoin. 45 thousand dollars in 2010 was an English young man who had a hobby of collecting this currency and he collected about 300 bitcoins and this young man put it inside a wallet in an external hard disk because it was almost worth nothing and this young man later threw this hard disk in the garbage without paying attention For this matter and nearly two years ago, he was still searching for this hard disk to no avail, then he realized that he had lost more than 13 million dollars, and this is one of the wonders of the Bitcoin currency.
Bitcoin units:
As for every known currency, small or mini units, such as cents, pennies, piasters, etc., the bitcoin currency also has small units. The trading symbol for bitcoin is BTC. As for the small units of the currency, they are:
- Milibitcoin, and the proof for it is the symbol (mBTC). The value of Milibitcoin is about one thousandth 1/1000, which is equal to 100 thousand satoshis.
- Satoshi, and the evidence for it is the symbol (sat), which is one of the bitcoin units, and its value is one-hundredth of a million bitcoins.
- Micro Bitcoin, and the proof for it is the symbol (μBTC), which is also one of the units of the micro-Bitcoin currency.
Bitcoin exchange rate:
When this currency was launched, a single bitcoin was not worth even one cent of the dollar. With its official launch on the internationally recognized official currency platform in 2009, this currency began to improve somewhat, as its value began to rise against the dollar, as it became equal to a few dollars in 2010 Which prompted many people to start mining this currency and get more ways to earn this currency, in the year 2018, it rose dramatically, as Bitcoin became worth about 7,500 US dollars per coin, and in the year 2020 it rose even more, as it started to equal 9,500 US dollars. The highest price that this currency rose to is 55,365 US dollars in the middle of 2021, and now the price of the currency is approximately 47 thousand dollars.
How to mine and get bitcoin:
Perhaps the most important way to collect bitcoin is mining. What is mining: is the process of extracting bitcoin, which is not an easy thing, as it needs special programs and applications that decrypt this currency. These programs are free and you can get them free of charge from the Internet with ease, but these programs need to A network of computers with high specifications in order to be able to withstand the great pressure and the long period of mining this digital currency and this is called the mining process.