Added on : 2018-11-02 18:34:21
The Bitcoin price is up 10.6 million percent since CoinDesk began tracking it back in July 2010, it was quoted at all time high at $19,290 on 17 December 2017. Since then, hundreds of cryptocurrencies have exploded onto the scene, many of which were born and died in the cryptocurrency gold rush of 2017. Bitcoin, the world's leading cryptocurrency, is changing hands at $6354.50 on Tuesday. Bitcoin has dominated investor interest over the last ten years, but that could be very different in the coming decade. It's only in the last five or so years that Bitcoin has had any major competitors. Ethereum, the world's second largest cryptocurrency by market capitalization, was first conceived in 2013. While there was a number of early test transactions the first being a transfer between Satoshi and Finney the first documented transaction didn’t occur until 2010. On May 22, 2010, Jacksonville programmer Laszlo Hanyecz, convinced Jeremy Sturdivant to send him two pizzas, and in return, Hanyecz would give him 10,000 bitcoin, which in today’s terms is more than $30 million per pizza. The transaction would become part of crypto folklore and May 22 will always be known as Bitcoin Pizza Day. 0.00076 dollars - Bitcoin's first value was work out on October 5, 2009 from its cost of production.
There are now more than 250,000 on-ledger transactions per day, according to data from Blockchain.com. At its peak in late 2017, there were nearly half a million transactions happening each day. Four years after the first Bitcoin transaction, the industry hit by 358% at $102.10 one of its lowest points on 25 February 2014. On 24 February 2014, Japanese-based cryptocurrency exchange Mt. Gox was hacked, resulting in the loss of more than 800,000 Bitcoins. At the time, Mt. Gox was handling more than half of all Bitcoin transactions world-wide. The heist was the first big snag in the coming out of the opaque industry.