A brief history of bitcoin

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A Very Brief History Of Bitcoin
The idea for cryptocurrency first emerged in , when American cryptographer David Chaum published a conference paper outlining an early form of anonymous. Based on a free market ideology, bitcoin was invented in by Satoshi Nakamoto, an unknown person. Use of bitcoin as a currency began in , with the release of its open-source implementation. In , El Salvador adopted it as legal tender. Although Bitcoin was the first established cryptocurrency, there had been previous attempts at creating online currencies with ledgers secured by encryption.

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Retrieved 9 February In December , the People's Bank of China prohibited Chinese financial institutions from using bitcoin. Archived from the original on 9 October Retrieved 19 January Coinchat, the associated bitcoin chat room, was taken over by a new admin.