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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3. Release of the Bitcoin Software and Launch of the Network
After mining the Genesis Block, the Bitcoin network officially went live, and users could download and install the Bitcoin software. 4/4

Bitcoin software and mined the first block of the Bitcoin blockchain, known as the "Genesis Block." The Genesis Block contained a reward of 50 bitcoins and is considered the beginning of the blockchain. This block also included a message referencing the financial situation at the time: 3/4

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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