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Here are the key stages of Bitcoin's formation: 1. Publication of the Bitcoin Whitepaper (2008) In October 2008, Satoshi Nakamoto published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This whitepaper outlined the principles and core concepts of Bitcoin and explained how it would function.1/4
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In this document, Nakamoto described an electronic payment system based on a network of nodes that operates through a consensus algorithm known as "Proof of Work" to ensure the security of the network. 2. Creation and Mining of the Genesis Block (2009) In January 2009, Nakamoto released the first ..2/4
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