Bitcoin Added to the Guinness Book of World Records as the ‘First Decentralized Cryptocurrency’

Since 1955 Guinness World Records (GWR) has published a notation publication annually that covers satellite records from utmost earthy events to quality achievements. This year, Bitcoin has entered the fray arsenic the world’s archetypal and astir invaluable cryptocurrency web arsenic GWR has added the taxable to this year’s yearly records.

Satoshi Nakamoto’s Bitcoin Enters the Guinness Book of World Records

Satoshi Nakamoto’s cryptocurrency and blockchain network, Bitcoin, has received a fig of accolades implicit the years, and it’s been recognized by mainstream media sources and accepted mediums. For instance, successful 2016, the connection “bitcoin” was added to the Merriam-Webster Unabridged Dictionary, and 2 years aboriginal it entered the Scrabble lexicon. This year, Guinness World Records (GWR) has given recognition to Satoshi Nakamoto’s invention arsenic bitcoin is considered the “first decentralized cryptocurrency.”

Bitcoin has been added to the Guinness Book of World Records database this twelvemonth arsenic it holds the grounds for being the archetypal decentralized cryptocurrency to exist.

Guinness World Records has been formally signaling records from assorted quality achievements and utmost earthy events for 67 years. Records amusement the archetypal variation of Guinness World Records was the apical publication connected the best-seller database successful December 1955. The publication inactive features a important catalog and verification of satellite records tied to galore acts and record-breaking achievements. The thought of creating a publication of records primitively derived from the managing manager of Guinness Brewery, Sir Hugh Beaver.

While It’s an Achievement for Bitcoin, Guinness World Records Summary Contains Errors

The summary of bitcoin featured successful the latest Guinness World Records describes however the project’s achromatic insubstantial was published online successful 2008, and the Guinness authors accidental Bitcoin was “developed arsenic a solution to the situation of regulating a integer currency without immoderate centralized organization, oregon ‘trusted 3rd party,’ to oversee transactions.” The GWR authors further item that the web Satoshi Nakamoto created solved the treble spending problem. The 2022 GWR grounds states:

The Bitcoin web [solves] the treble walk occupation with a “trustless” mechanics that does not necessitate immoderate third-party (e.g., banks) to verify transactions; and it achieves that with validators (i.e., miners, successful PoW.) Miners are computers dedicated to the web to validate each transactions and prohibit immoderate atrocious actors.

The class GWR researchers enactment Bitcoin successful is “first,” arsenic successful the “First decentralized cryptocurrency.” The day recorded for the record-breaking “first” is January 3, 2009, the time Bitcoin launched. While the GWR summation is an achievement, immoderate of the factoids provided by GWR researchers are wrong.

For example, it has recorded the incorrect day of work for the archetypal Bitcoin achromatic insubstantial which was connected October 31, 2008, and it erroneously cites Satoshi Nakamoto arsenic having 600,000 BTC successful a azygous wallet that “has been inactive for much than a decade.” This accusation is factually incorrect arsenic Nakamoto’s stash does not reside successful a azygous wallet and the BTC held by the inventor is estimated to beryllium astir 1 cardinal BTC arsenic opposed to the 600,000 BTC quoted by GWR.

What bash you deliberation astir Bitcoin being added to the Guinness World Records database arsenic the archetypal decentralized cryptocurrency? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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