On October 31, 2008, Satoshi Nakamoto published the nine-page whitepaper “Bitcoin: A Peer-to-Peer Electronic Cash System,” outlining a peer-to-peer electronic cash system without traditional financial intermediaries. The document laid the groundwork for Bitcoin’s launch on January 3, 2009, when Nakamoto mined the network’s genesis block. It also established Bitcoin’s maximum supply of 21 million coins, a central feature of its monetary model. According to CoinMarketCap, Bitcoin traded at $77,310 and was worth approximately $1.55 trillion. Its creation subsequently influenced the development of thousands of cryptocurrencies, blockchain applications, and decentralized financial systems.
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