When were Bitcoins issued?

Bitcoin was issued on January 3, 2009 and was created by an individual or group under the pseudonym Satoshi Nakamoto.

Bitcoin issuance time

Bitcoin was issued on January 3, 2009 by Created and published by a mysterious figure under the pseudonym Satoshi Nakamoto.

Detailed Background

Bitcoin was conceived during the 2008 financial crisis. In the white paper, Satoshi Nakamoto outlined the concept of Bitcoin as a decentralized digital currency that is not controlled by governments or financial institutions.

On January 3, 2009, Satoshi Nakamoto mined the first block on the Bitcoin blockchain, known as the “genesis block.” Since then, the Bitcoin network has continued to grow and has become the most famous cryptocurrency in the world.

Issuance of Bitcoin

The supply of Bitcoin is limited, with a maximum supply of 21 million coins. Bitcoin is created by miners, who use computers to solve complex mathematical problems to verify transactions. Whenever a block is verified, miners are rewarded with a certain number of Bitcoins.

The supply of Bitcoin is algorithmically controlled and the difficulty increases over time. This is intended to slow down the creation of Bitcoin over time, eventually reaching its maximum supply around 2140.

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