The second discussion explains basic facts, including who founded Bitcoin, the difference between virtual currency and crypto assets, and the current reward structure. It focuses on Satoshi Nakamoto, the timing of the initial launch and the characteristics of its decentralized operating model.
Bitcoin is said to have been created by a person calling themselves “Satoshi Nakamoto.” The white paper “Bitcoin: A Peer-to-Peer Electronic Cash System” was published in October 2008, and Bitcoin was launched in January 2009. After its creation, the founder reportedly changed from Satoshi Nakamoto to other members for development work and withdrew from the public eye.
Bitcoin operates through a decentralized system with no specific administrator controlling it. Miners and nodes around the world verify and approve transactions. The right to add a new block is awarded to the miner that wins a competition to solve difficult calculations, and BTC is paid as a newly issued reward approximately every 10 minutes.
The current mining reward is 3.125 BTC approximately every 10 minutes. It is explained that the reliability of Bitcoin is supported by the enormous amounts of power and resources invested in the network.
The official name changed from virtual currency to crypto assets following legal amendments, but the terms are often used interchangeably in everyday usage. Bitcoin accounts for more than half of the total market capitalization of the crypto-asset market, making the original Bitcoin the central asset.