Bitcoin entered into the Guinness World Records as the first decentralized cryptocurrency
Guinness World Records (GWR) has given Bitcoin (BTC) recognition as the first decentralized cryptocurrency.
The franchise, which has documented record-breaking facts and achievements since 1955, traces the origins of Bitcoin to Cypherpunks, an online community formed in 1992 whose members first discussed the concept of cryptography-based digital currency.
GWR too name Satoshi Nakamoto, believed to be involved in the Cypherpunks community, as the pseudonymous creator of the oldest cryptocurrency.
Nakamoto first described Bitcoin in a white paper published online on August 18, 2008.
“A working implementation of the concept was completed by January 3, 2009, when Nakamoto mined the first block on the blockchain, and the open source client was released to the public on January 9, 2009.”
The globally recognized authority on world records says that Bitcoin was developed to meet the challenge of regulating a digital currency without the need for a centralized organization or trusted third party to monitor transactions.
Bitcoin’s entry into the Guinness World Records comes just over a month after Merriam-Webster dictionary added the words “altcoin” and “metaverse” to the reference pages.
The oldest dictionary publisher in the United States added the term “Bitcoin” to its entry in 2016 and the words “cryptocurrency”, “initial coin offering” and “blockchain” in 2018.
At the time of writing, Bitcoin is trading at $19,180, up over 19,180,000% from when it was under a penny in 2011.
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Featured image: Shutterstock/Skorzewiak
