Around the time of the Lehman Brothers Bankruptcy, a paper was published online outlining the potential of Bitcoins, a new form of virtual currency reliant on blockchain development.

Written under the pseudonym Satoshi Nakamoto, the paper (bitcoin.org/bitcoin.pdf) alleges the possibility of a currency form that does not require a centralized authority. Engineers jumped on the idea and began developing a working system based on the concepts contained within the paper.  Bitcoin version 0.1 was released on January 9, 2009, after only a few months of development. This moment marked the beginning of blockchain development as well.

Bitcoins were traded for the first time in the real world on May 22, 2010. Lazlo Hanyecz, a programmer living in Florida, exchanged 10,000 BTC for two pizzas. Those same pizzas would be worth about 42,260,000 USD as of September 2017. Fun fact: May 22 is known as ‘Bitcoin Pizza Day.’


Satoshi Nakamoto’s true identity remains unknown, although many people have come forward claiming the title. All remain unproved. To prove one is Satoshi Nakamoto himself/herself, one must either remit Bitcoin from Nakamoto’s personal address or send an email from Satoshi’s mailing list to the Bitcoin community.

Unlike legal tender such as the US dollar and the Japanese yen, Bitcoin allows users to remit BTC in a matter of minutes with negligible fees thanks to blockchain development. More and more people are looking to Bitcoin as a means of solving the problems of traditional financial institutions

A version of this article originally appeared in Token News, a trusted news source of IBL - Vietnam Blockchain Company.

That's: ETC

Regularly scheduled yet unconventionally themed, the most recent meetup of Bitcoin Saigon community invited the whole Infinity Blockchain Labs office to Ho Chi Minh center on May 19th.

Bitcoin and blockchain technology enthusiasts were keen on the idea of bringing Roger Ver to the stage of Blockfin Asia 2016. As the first conference of its kind in Vietnam, BlockFin Asia showcases opportunities in Fintech and Blockchain technology in the country and region. On a different note, Roger Ver — a serial entrepreneur and early bitcoin adopter whose evangelism for the digital currency has earned him the nickname Bitcoin Jesus— is one of the most popular Bitcoin celebrities worldwide. He has been largely renowned for early investment in the leading bitcoin exchange Kraken, first fully licensed bitcoin exchange Bitpay and his relentless effort of promoting Bitcoin to the world’s larger audience.

Recent development in world economic and geopolitical background has triggered a number of world advanced technology, among which Blockchain technology (distributed ledger technology) has withdrawn increasing attention from global heavyweights such as Microsoft, Goldman Sachs and Amazon. Its application has expanded across a number of territories and industries ranging from financial services, public notary to entertainment areas.

you can learn more here: www.blockchainlabs.asia/news