First Cryptocurrency Seminar Invitational LE Chip
Current:
Type: Cryptocurrency
Color: Black
Inlay: R-Black-Gold
Mold: 4-sxs
Mfg.; Paulson
Collected By: A. J. Giametta
NOTES –Bitcoin is the first decentralized cryptocurrency.
Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person.
Use of bitcoin as a currency began in 2009, with the release of its open-source implementation.
In 2021, El Salvador adopted it as legal tender
Symbols: BTC, ₿
Code: BTC
Exchange rate: Floating
Hash function: SHA-256 (two rounds)
Implementation(s): Bitcoin Core
Initial release: 0.1.0 / 9 January 2009 (16 years ago)
Issuance schedule:
Decentralized (block reward); Initially ₿50 per block, halved every 210,000 blocks
As of October 2024, there are around 1 million Bitcoin addresses with at least one bitcoin in them. This does not mean there are 1 million people who have one bitcoin or more.
Many developed countries allow Bitcoin to be used, such as the U.S., Canada, and the U.K.
In several countries, including China and Saudi Arabia, it is illegal to use Bitcoin.
PURCHASED ON LAS VEGAS BLVD AS LEGITIMATE CURRENCY
