Today marks the 15th anniversary of the release of the Bitcoin white paper by Satoshi Nakamoto. This groundbreaking document proposed a decentralized electronic cash system that could solve the issue of double spending in digital currency. Satoshi’s creation was influenced by previous developments in cryptography and e-money, such as Wei Dai’s b-money concept. Bitcoin introduced the concept of nodes and a proof-of-work consensus mechanism to validate and record transactions. It also incorporated timestamping, Merkle trees, and digital signatures to ensure the integrity and security of the network. Bitcoin’s invention allowed users to transact globally without the need for banks or financial institutions. While initially associated with criminal activity, Bitcoin has gained mainstream acceptance and was even made legal tender in El Salvador. The cryptocurrency has also experienced significant price volatility, with its value currently at $34,350. Various developments, such as the Lightning network and the Taproot soft fork, have been implemented to enhance Bitcoin’s scalability and utility.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	1
People	Adam Back, Henri Massias, Scott Stornetta, Wei Dai, Satoshi Nakamoto
Companies	Dave Bayer, Ralph Merkle, El Salvador, Adam Back, Henri Massias, Scott Stornetta, Stuart Haber, Wei Dai, Laszlo Hanyecz, Lightning network
Currencies	Bitcoin
Securities	None