Home / News From Nigeria / Breaking News / Happy Birthday: Bitcoin clocks 9 today as it hits ₦2,2Mln ($6k )

Happy Birthday: Bitcoin clocks 9 today as it hits ₦2,2Mln ($6k )

Tuesday marks nine years since Satoshi Nakamoto announced the creation of the Bitcoin “Peer-to-Peer Electronic Cash System.”

The Bitcoin whitepaper, still available for a passing fancy Bitcoin.org domain because it was in October 2008, provides an increasingly fascinating view into the niche project which in October 2017 includes a market cap of over ₦3.67 Trillion ($100 bln). The document famously begins:

“A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

“Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending. We propose a solution to the double-spending problem using a peer-to-peer network.”

Those networks are now actually utilized by three mln users each and every day, with this number expected to boost to 200 mln within just seven years projections state.


This year’s anniversary is particularly timely as Bitcoin reaches new all-time highs without a touch of serious price corrections.

Oct. 31 in 2010 can also be significant for other reasons, the date marking the deadline through which China’s domestic market exchanges must cease providing Bitcoin-to-fiat trading.

While those traders have since migrated to alternatives, the mood both inside and away from multibillion-dollar cryptocurrency industry is that Bitcoin is here now to keep and should come out stronger consequently of competition from copies – Bitcoin Cash, Bitcoin Gold, Bitcoin Silver and SegWit2x.


Source: BuyBitCoinsInNigeria

Send Money To Nigeria Free

About scully009

Get Daily Altcoins trade Signals. Password to the link can only be handed over to viewers via the whatsapp group link. To get Password to the Link Join the group link and ask for password- https://bit.ly/2rIqsTx (Telegram) https://bit.ly/2IBGeJt (Whatapp)

Check Also

buy btc cheap in nigeria

Top Stories This Week: Bitcoin Bombshell, Libra Rivals, Twitter Spats: Hodler’s Digest, Aug. 19–25

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Binance reveals “Venus” — its own project to rival Facebook’s Libra With Facebook tangled up in regulatory tape and putting Libra on ice, others are seizing the chance to leapfrog the social network and launch their own stablecoins. Walmart’s ...