The bitcoin white paper turned 13 years old this Sunday (31). On October 31, 2008, the document was released through an email sent by cryptoasset creator Satoshi Nakamoto to a list of users discussing the creation of a digital currency through cryptography.
This was the first step toward the launch of bitcoin in early 2009. In the white paper, Satoshi Nakamoto explained how a peer-to-peer (P2P) network could enable the creation of digital money
Entitled the “Bitcoin P2P e-cash paper”, the white paper represents the first public discussion of the creation of bitcoin. After Satoshi Nakamoto, Hal Finney was one of the first bitcoin developers to get involved with the project still in 2009.
Hal Finney was also one of the first bitcoin miners to generate a block of data on the blockchain network. He narrated the experience on Bitcointalk in March 2013. In the message shared on the forum, Finney says he exchanged emails with Satoshi Nakamoto about the bitcoin network.
“I guess I was the first person besides Satoshi to use bitcoin. I mined block 70 and received the first bitcoin transaction when Satoshi sent me ten coins as a test. I continued an email conversation with Satoshi in the following days, mostly reporting bugs and fixing them”.
In addition to Hal Finney’s presence and historical collaboration, bitcoin recorded in 2010 the first use as a means of payment. Like Finney, the purchase of two pizzas for 10,000 BTC units went down in history as the “Bitcoin Pizza Day”.
Eleven years ago, developer Laszlo Hanyecz paid 10,000 bitcoins to get two pizzas. In 2010, the bitcoin price was less than US$ 0.01 on the market. But with the bitcoin price at almost US$ 62,000 now, the order came out to US$ 618 million in update figures.
In thirteen years, bitcoin was the beginning of the creation of a market worth more than US$ 2.6 trillion. With a decentralized digital money model and an issuance limited to 21 million units, bitcoin created the cryptoasset market, currently with more than nine thousand other digital assets