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When did Bitcoin happen (in which year did Bitcoin’s issuance end)

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When did Bitcoin happen (in which year did Bitcoin's issuance end)

When did Bitcoin happen? Bitcoin is the earliest Cryptocurrency and the most popular crypto asset. It was born on January 4, 2008, when many investors purchased it as a means of hedging against inflation. However, due to no other factors affecting its price, a large influx of speculators led to the price of Bitcoin dropping to around $20000 at the end of 2017. It was not until early 2018 that a large number of tokens such as BTC and ETH began to emerge. So why did this happen

In 2013, Satoshi Nakamoto created a decentralized system – the first smart contract platform on the Ethereum blockchain. The project was supported by Satoshi Nakamoto. Later, it was proven to be a “non sovereign” digital cash, but ultimately failed to achieve this goal Since then, people have known that Bitcoin will exist. For most of 2017, we believed that Bitcoin would not generate revenue. In fact, over time, most people shift their attention to these early adopters. Nevertheless, this technology is still in its early stages of development; Even after 2019, many people still hold the Cryptocurrency they own. On the last block in August 2014, when Bitcoin’s first mining activity occurred, Bitcoin experienced the largest halving event in its history. According to BitInfoCharts, as of the end of 2020, approximately 178000 Bitcoins were stored on the network by different nodes. Therefore, in late October 2017, over 10000 users participated in the Genesis block, of which less than 1% had used the original transaction record (i.e. Bitcoin). For over a year, this process has been ongoing. In early November 2016, shortly after the third largest block occurred, at least 5000 BTCs in all active wallets had been extracted and lost. However, in the coming months, all newly issued Bitcoin has been fully mined and continues to increase every day, so in the past few weeks, nearly 100000 new Bitcoin addresses have joined the ranks of creating Bitcoin. Since then, the total supply of Bitcoin has increased by over 25%, reaching over 53000 BTCs At the end of 2017, the first batch of 10 million Bitcoins was transferred from Gemini, a custody service provider, to Binance. US on the exchange; At the end of December of the same year, the second batch of 5000 Bitcoins was transferred back from Coinbase to hosting services. Then, starting from the first quarter, the second round of 5 million Bitcoins will be signed and sent to BitPay through private keys for receiving Bitcoin payments and issuing loans to customers According to Coindesk, it remains to be seen which year Bitcoin issuance will end. Before the deadline of April 30, 2019 (i.e. the end of March 2020), all miners will receive more than half of the reward Bitcoin, while the remaining 50% will be locked in the black hole. According to BTC.com data, nearly 4000 Bitcoins were sold from the market in the first quarter of 2019; In the second quarter, approximately 300 Bitcoins withdrew from the exchange; The third season is the fourth halving since 2013; As of now, there are over 15 million Bitcoins in circulation.

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