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The paper described the foundation for what was intended to be a peer-to-peer electronic cash system that was secure, affordable, and efficient far beyond conventional banking standards. The system Satoshi described was developed into open-source software and the first bitcoin transaction (also known as the Genesis Block) was confirmed on January 3, 2009.

2019-01-17T08:38:24+00:00January 17th, 2019|

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