Happy Birthday Bitcoin | chiliZ
By Joe Grech, Social Media Manager, chiliZ Happy Birthday, Bitcoin. Ten years ago, so much of what we take for granted today didn't exist — WhatsApp, Instagram, Uber, Slack, Airbnb, Spotify and even iPads weren't around. Just a few days before Barack Obama became President-Elect of the United States of America, 'Satoshi Nakamoto' published the whitepaper, 'A Peer-to-Peer Electronic Cash System' on Shortly after, the whitepaper appeared in a small mailing list for cryptography buffs, which was then archived but is still readable today here. The cryptography community was initially sceptical about the system's ability to scale (and rightly so) but the idea of a Peer-to-Peer electronic cash system, secured by a similar proof-of-work system to 'Hashcash,' tickled their fancy. Hashcash is an algorithm that was used as the basis upon which a number of cryptocurrencies — most notably Bitcoin — create their mining protocols. In January 2009, during the global financial crisis, the