Right this moment, June 17, marks the 14th anniversary of one of the pivotal statements within the historical past of cryptocurrency, one made by Satoshi Nakamoto, the pseudonymous creator of Bitcoin.
Precisely 14 years in the past, Satoshi articulated a key facet of Bitcoin’s nature that has since change into a cornerstone of its id and performance.
In a tweet, famend Bitcoin historian @Pete_rizzo on X highlighted Satoshi’s historic assertion about Bitcoin.
✨ Satoshi Nakamoto on #Bitcoin precisely 14 years in the past pic.twitter.com/StaCC802SM
— The Bitcoin Historian (@pete_rizzo_) June 17, 2024
In a press release that dates again to June 17, 2010, and would form the way forward for digital forex, Satoshi Nakamoto declared, “The character of Bitcoin is such that when model 0.1 was launched, the core design was set in stone for the remainder of its lifetime.”
This assertion underscored the immutability that might outline Bitcoin, setting it other than different digital and conventional currencies.
Model 0.1 of Bitcoin was launched in January 2009, marking the delivery of the primary decentralized cryptocurrency. This preliminary model laid the groundwork for the peer-to-peer digital money system that might revolutionize finance and know-how.
By stating that the core design was unchangeable, Satoshi ensured that Bitcoin would stay true to its authentic imaginative and prescient. Bitcoin was designed with a set most provide of 21 million cash, hard-coded into its protocol by Satoshi Nakamoto.
The present Bitcoin Core is the continuation of the unique consumer Satoshi labored on, now maintained and developed by a gaggle of contributors from around the globe.
On the shut of Might, a brand new launch candidate of Bitcoin Core, v27.1rc1, was made obtainable for testing following the v27.0 main launch.
Bitcoin, the primary and largest cryptocurrency, is presently price $1.28 trillion by market capitalization, accounting for roughly half of the $2.4 trillion international market cap. Presently, round 19.71 million BTC are in circulation, accounting for 94% of the forex’s most provide of 21 million.