Today marks ten years since the launch of the Bitcoin Whitepaper

Ten years are today since the launch of the Bitcoin Whitepaper by the unknown Satoshi Nakamoto.

There is a lot of talk about Bitcoin and cryptocurrencies, especially since practically two on a large scale, especially coinciding with a significant revaluation of this cryptocurrency and the appearance of a large number of ICOs. Today is an especially important day because just on October 31, 2008 at 18:10:00 UTC a document was published that supposes the technical explanation of the operation of the first cryptocurrency. That day the Whitepaper was published: "Bitcoin: A Peer-to-Peer Electronic Cash System"

Today marks ten years since the publication of the Bitcoin Whitepaper

The technical document wields in just nine pages a decentralized digital currency to be used between peers or users without the need for a central entity to control and manage the currency. The method of keeping a record of all transactions and avoiding traps such as double spending (using the same amount of coins twice) is through the blockchain or chain of blocks where the data is recorded and validated by Proof-of-Work o Proof of Work.

The first version of the software would arrive a few months later, but it served to make known to the cryptography and Open Source community an idea of ​​decentralized money, which attracted quite a lot of attention. It should be noted that there were a few precedents on a theoretical basis, such as 'b-money' or 'digi gold', in addition to DigiCash, a version of digital currency, in this case centralized, but that generated the base of Bitcoin.

Another of the sources from which Bitcoin is born or from is the Cypherpunk movement. This movement is basically committed to cryptography, privacy on the network and a decentralized economy. What's more, many of those who have been talked about who could be Satoshi Nakamoto, such as Finney, Dai, Back, Andresen and Szabo, are closely linked to the Cypherpunk movement.

We are really at a very important moment in the history of cryptocurrencies, since Bitcoin is the oldest and the strongest currently on the market and we only have to see the approximately 80 copies with the same name, with different characteristics or not. and useful or not, although this gives much to talk about.

The Bitcoin during the first months had no value, it was exchanged as a reward for contributions of value in certain forums or it was given as a kind of tip. It was Laszlo Hayneck who established the first 'switch' between BTC and fiat money. Hayneck bought two pizzas at the US chain Papa John's, which were worth $ 30 for 10.000 BTC. That was the first Bitcoin price pair. Then it has fluctuated and reached its historical maximum in December 2017, reaching $ 20.000 although since then it has fallen and stabilized at approximately $ 6.500.

Much has happened in these ten years, so much so that many detractors have ended up recognizing the benefits that cryptocurrencies or decentralized digital currencies bring, the benefits of blockchain technology or there are even countries that are betting on regulating cryptocurrencies or are working on their own digital currencies (Let's leave Venezuela's Petro aside, as it is a complete scam)

We have barely started the journey, we hardly know the good things that Bitcoin, blockchain technology or cryptocurrencies in general can contribute, but it is generating many jobs, very interesting solutions and projects are being created and that in the future they will contribute a lot.