all about cryptop referances
Since 1955, Guinness World Records (GWR) has published a reference book annually covering world records from extreme natural events to human achievements. This year, Bitcoin has entered the fray as the world’s first and most valuable cryptocurrency network as GWR has added the topic to this year’s annual records.
Satoshi Nakamoto’s cryptocurrency and blockchain network, Bitcoin, has received numerous accolades over the years, and it has been recognized by mainstream media sources and traditional media. For example, in 2016, the word “bitcoin” was added to the Merriam-Webster Unabridged Dictionary, and two years later it entered the Scrabble lexicon. This year, Guinness World Records (GWR) has given recognition to Satoshi Nakamoto’s invention as bitcoin is considered the “first decentralized cryptocurrency.”
Guinness World Records has formally recorded records from various human achievements and extreme natural events for 67 years. Records show that the first edition of Guinness World Records was the top book on the bestseller list in December 1955. The book still contains a substantial catalog and verification of world records relating to a variety of acts and record-breaking achievements. The idea to create a record book originally came from the CEO of the Guinness Brewery, Sir Hugh Beaver.
The summary of bitcoin featured in the latest Guinness World Records describes how the project’s white paper was published online in 2008, and the Guinness authors say that Bitcoin was “developed as a solution to the challenge of regulating a digital currency without any centralized organization, or ‘trusted third party ,’ to monitor transactions.” The GWR authors further describe that the network Satoshi Nakamoto created solved the problem of double spending. The 2022 GWR record states:
The Bitcoin Network [solves] the double-spending problem with a “trustless” mechanism that does not require any third party (e.g. banks) to verify transactions; and it achieves that with validators (ie miners, in PoW.) Miners are computers dedicated to the network to validate all transactions and ban any bad actors.
The category GWR researchers put Bitcoin into is “first,” as in the “first decentralized cryptocurrency.” The date recorded for the record-breaking “first” is January 3, 2009, the day Bitcoin was launched. While the GWR supplement is an achievement, some of the facts provided by GWR researchers are incorrect.
For example, it records the wrong publication date of the original Bitcoin white paper as October 31, 2008, and it falsely quotes Satoshi Nakamoto as having 600,000 BTC in a single wallet that “has been inactive for more than a decade.” This information is actually wrong as Nakamoto’s stash is not in a single wallet and the BTC held by the inventor is estimated to be around 1 million BTC as opposed to the 600,000 BTC quoted by GWR.
What do you think about Bitcoin being added to the Guinness World Records list as the first decentralized cryptocurrency? Let us know what you think about this topic in the comments section below.
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