FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Bitcoin was the first cryptocurrency created and is now the most traded and well-known. It was first launched in January 2009 by a computer programmer or group of programmers under the pseudonym Satoshi Nakamoto, whose actual identity has never been verified.

Detailed explanation-2: -Price of 1 Bitcoin in 2009: $0.

Detailed explanation-3: -In July 2010, bitcoin began trading at US$0.0008, climbing to US$0.08 by the end of the month. The cryptocurrency then slowly rose into the US$10 range until it spiked to US$250 in April 2013.

Detailed explanation-4: -The average closing price for Bitcoin (BTC) in terms of INR between 2009 and 2022 was 666, 656.34. It was up 59, 122, 768% in that time.

Detailed explanation-5: -In November 2012, Bitcoin went through its first “halving, ” a change in the reward structure for miners, where they receive half as many bitcoins for mining blocks on the blockchain. As 2012 came to an end, Bitcoin finished at $13.50, just off the highs for the year.