Bitcoin Throughout the Years

Bitcoin represents a new and revolutionizing payment method, capable of completely changing the financial industry. This is a cryptocurrency which has tons of advantages over the FIAT currencies. Some of those are increased online security, a certain level of anonymity, fast transactions, and of course, the possibility to make money.

The chance for profit is the main reason as to why people around the world use Bitcoin so often. The cryptocurrency managed to turn them into wealthy people in a matter of days and change their lives forever. As for the other advantages, the anonymity is the second-best, since traders do not complete transactions under their real name - they use aliases. Bitcoin is fully optimized for online use, which is why every transaction is instant. Other payment methods, like credit/debit cards, may take a few days of processing time before a transaction is completed.

Since this cryptocurrency managed to change the world and the way we look at payment methods, we decided to head back in time and look at Bitcoin's rise. This is Bitcoin throughout the years.

2008 - 2013

Bitcoin was created in late-2008 by Satoshi Nakamoto. The interesting thing about this individual is that to this day, no one knows the true identity of Satoshi. The name and surname are just a pseudonym. After years of researching, it is believed that Satoshi is a male in his 40s, most likely from Japan. But, none of this information was every confirmed.

The first transaction with Bitcoin was completed in 2009 when Satoshi sold 10 Bitcoins to the cyberpunk Hal Finney. In 2010, Bitcoin completed its first commercial transaction when a programmer bought 2 Papa John's pizzas for a price of 10,000 Bitcoins.

In late 2010,...