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A Short History of Bitcoin in Singapore: What Singaporeans Need to Know
By Seedly  •  September 16, 2021
Unless you have just woken up from a 10-year coma, it is likely that you would heard of a little cryptocurrency called Bitcoin. Not too long ago (31 October 2008 to be exact) the mysterious Satoshi Nakamoto published a White Paper titled Bitcoin: A Peer-Peer Electronic Cash System. FYI Satoshi Nakamoto is actually just a pseudonym used by the individual or group that created the cryptocurrency in 2009. Source: Bitcoin.org This paper was just the beginning. A few months later on 3 January 2009, Satoshi Nakamoto mined the genesis block of bitcoin (block number 0), which gave a reward of 50 bitcoins. With that, the Bitcoin network was born. This was the first implementation of blockchain technology as a public and decentralised ledger for transactions made using Bitcoin. After Satoshi published the Bitcoin whitepaper and launched the Bitcoin blockchain, they vanished without a trace in 2010. Why Bitcoin Matters For context Bitcoin was created amidst the 2008 Global Financial Crisis (GFC)....
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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