Happy birthday, Bitcoin.

Halloween 2019 marks the publication of the first fully electronic and peer-to-peer electronic money book by anonymous creator Satoshi Nakomoto. Following the Great Recession of 2007-2009, a single email to a small group of cypherpunks has been the catalyst for a monetary revolution.

"I worked on a new fully peer-to-peer electronic payment system, without a trusted third party," wrote Satoshi to open his email, attaching the bitcoin white paper.

In January, with the introduction of the genesis block, the bitcoin code was deployed. The first year of Bitcoin was hardly favorable. Eleven years later, however, most indicators point to a promising future. The white paper's birthday month has been one of the best so far.

October in review

Looking at the numbers, the last 10 months have given a lot of gratitude to Bitcoin regulars. October, even more.

The price of bitcoin jumped by some 40% in 24 hours on October 26, to reach briefly $ 10,000. As Yassine Elmandjra, an analyst at ARK Invest, wrote on Twitter, the price movement has only occurred three times in the history of Bitcoin.

The Bitcoin hash rate – a good indicator of the amount of energy invested in Bitcoin operations and network security – has reached a record of more than 110 exahashes per second (EH / s) on 23 October.

As shown by the latest initial public offerings for mining giants Canaan and Bitmain, bitcoin mining has evolved significantly since the early days of CPU-based agriculture, and is now an important activity.

Bitcoin has also just extracted its 18 million pieces, leaving a mad battle for the last 3 million. As haliques occur every 210 000 blocks, the last piece will be struck in 2140.

Taxes on bitcoins collected reached $ 1 billion at the beginning of the week as well, just in time for today's celebrations.

Image of birthday candles via Shutterstock


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