10 years of Bitcoin: its Origin, Facts & Figures

It all started 10 years ago with the notorious Satoshi Nakamoto publishing the infamous white paper (Bitcoin: A Peer-to-Peer Electronic Cash System) in November 2008. This was the theoretical idea that went on to create the pioneer Cryptocurrency known as the Bitcoin. Interestingly enough this happened right at the time of last major financial meltdown in global markets.

Many are of the opinion that the high handedness, undue control and lack of transparency of the financial authorities like the Central banks, big corporate banks & regulatory authorities led to the financial disaster. The timing could be a pure coincidence or the work of “unknown forces” to bring about a change for the greater good.

Hard to believe that Bitcoin has been in existence for a decade. The Crypto kingpin has come a long way ever since its inception — with improvements in accessibility, scalability, lower cost of transactions, industry adoption & a host of technological upgrades.

Bitcoin has seen lots of ups & downs in the 10 year period from major price corrections, volatility spikes, FUD overload, wrath of the skeptics, yet its resilience not only as an alternative form of digital payment but more importantly as the torch-bearer of a major paradigm shift has kept it on the path of improvement, growth & acceptability. Here are some…