Laszlo Hanyecz, a programmer, posted a message on a Bitcoin forum (Bitcointalk) offering 10,000 bitcoins in exchange for two pizzas. He successfully completed the transaction, using Bitcoin to buy two Papa John's pizzas.

Unlike most currencies, Bitcoin does not rely on the issuance of a specific monetary institution. It is generated through a large number of calculations based on a specific algorithm. The Bitcoin economy uses a distributed database composed of many nodes in the entire P2P network to confirm and record all transaction behaviors. And use cryptographic design to ensure the security of all aspects of currency circulation. The decentralized nature of P2P and the algorithm itself ensure that currency value cannot be artificially manipulated by mass production of Bitcoins. Design based on cryptography allows Bitcoin to be transferred or paid only by real owners. This also ensures the anonymity of currency ownership and circulation transactions. The total number of Bitcoins is limited. The currency system once had no more than 10.5 million in 4 years, and the total number will be permanently limited to 21 million thereafter.

Cryptocurrency enthusiast passionate about the future of digital finance and blockchain technology.

AstralBeam

@astralbeam