-


Bitcoin was invented by the mysterious Satoshi Nakamoto in 2008 and released as an open-source software in early 2009. The first transaction took place between Nakamoto and an early adopter of bitcoin in January 2009. The first real-world transaction happened in 2010 when a bitcoin miner bought two pizzas from a Papa John's in Florida for 10,000 bitcoins.


The currency is based upon a blockchain which contains a public ledger of all the transactions in the Bitcoin network. Those participating in the currency can mine for bitcoins using computer power. The currency had a small initial interest among cryptographers and those seeking to engage in transactions that could not be easily traced.
The currency gained wider exposure, both good and bad. More retailers opened up to using Bitcoin in 2012 and 2013. However, federal authorities shut down the Silk Road website, which used bitcoins for black market transactions, in October 2013.

 The popular Mt. Gox bitcoin exchange also went under in 2014. Originally started as a site for trading game cards, it evolved into a marketplace for bitcoins. As of May 2013, the exchange was trading around 150,000 bitcoins per day. However, accusations of fraud surrounded the exchange when it closed down in 2014. The exchange lost around 850,000 bitcoins, although some of them have since been found. Bitcoin today is traded on a number of non-centralized independent exchanges. There may be differences in the prices among the different exchanges. This may lead to arbitrage opportunities across the different exchanges. The lack of a centralized exchange makes it difficult to ensure a uniform price.https://www.facebook.com/wasantha.amarasinghe.14

Comments

Post a Comment

Popular posts from this blog

-
Image
Travis Kling shared a chart that showed bitcoin might be set for a bullish breakout in May 2020. Consider taking a contrarian stance because a post-halving dump happened in the past. Even if there’s a massive shakeout, bitcoin looks poised for a bull run this year. Bitcoin has been struggling to keep its bullish momentum alive since it topped out at $9,188.10 earlier this month. The cryptocurrency is down nearly 10% from the yearly high. Many are saying that the bear market is not yet over. They claim that bitcoin is due for a plunge. Travis Kling of crypto asset management firm Ikigai is not among the bitcoin doomsayers. The chief investment officer believes that the top cryptocurrency is due for a rampaging bull run. https://www.facebook.com/wasantha.amarasinghe.14
Read more
-
Image
Ink brushes are used in Chinese calligraphy as well as in Japanese and Korean calligraphy which both have roots in Chinese calligraphy. They are also used in Chinese painting and other brush painting styles. The ink brush was invented in China around 300 B.C.[1][2] Together with the inkstone, inkstick and Xuan paper, these four writing implements form the Four Treasures of the Study. The earliest intact ink brush was found in 1954 in the tomb of a Chu citizen from the Warring States period (475-221 BCE) located in an archaeological dig site Zuo Gong Shan 15 near Changsha. The primitive version of an ink brush found had a wooden stalk and a bamboo tube securing the bundle of hair to the stalk. Legend wrongly credits the invention of the ink brush to the later Qin general Meng Tian.[citation needed] Traces of the writing brush, however, were discovered on the Shang jades and were suggested to be the grounds of the oracle bone inscriptions.[5] The writing brush entered a new st
Read more