Finally, Bitcoin debuted in the Guinness Book of Records

Finally, Bitcoin debuted in the Guinness Book of Records

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(Kitco News) – The world of cryptocurrency has been recognized by the Guinness Book of Records (GWR), which added Bitcoin to the new “Cryptomania” category, with the highest cryptocurrency recognized as the first decentralized currency.

GWR has been indexing achievements and record achievements since 1955, and 2022 was the first time developments in the crypto sector made their way into the record books. Their agitation came several years after the more prominent public appearance of the cryptocurrency industry, which saw a new price hike in 2021.

Several other notable blockchain achievements have also been added, including crypto adoption, fan tokens, and non-perishable tokens (NFTs).

Besides being recognized as the first decentralized currency, Bitcoin has also been recognized as the most valuable cryptocurrency due to its market cap of $816.69 billion, which was recorded on March 24, 2022.

Bitcoin was developed as a solution to the challenge of regulating a digital currency without any central institution or “trusted third party” to oversee transactions,” its description page states, noting that previous attempts to create such a currency “still required a third party.” Trusted (acting like a bank) to make sure people don’t “double spend”.

GWR has recognized Satoshi Nakamoto as the pseudonym creator of Bitcoin and traced the origins of the digital currency to the online community of “Cypherpunks,” a group that brought together crypto enthusiasts, liberals and software developers, including Satoshi Nakamoto.

“A practical implementation of the concept was completed by January 3, 2009, when Nakamoto mined the first block on the blockchain, and the open source client was released to the public on January 9, 2009.”

The CryptoPunks (NFT) project was also recognized by GWR for being the most expensive NFT group after the purchase of CryptoPunk #5822 for $23.7 million, or 8,000 Ether on February 12 this year by entrepreneur Deepak Thapliya.

Fan tokens also appeared as a category in the book, with the Manchester City token recorded as the “Most Valuable Fan Token” with a market capitalization of $47.1 million as of March 24, 2022.

El Salvador was also recognized for being the “first country to adopt bitcoin as legal tender” in June last year.

This latest development represents a growing trend of public recognition of developments in the cryptocurrency sector.

Last week, the largest global cryptocurrency exchange Binance announce It broke a Guinness World Record after being recognized for conducting the largest crypto lesson to date, with 289 people attending at Blockchain Land Nuevo León on October 7.

And in early September, Merriam-Webster Dictionary added the words “altcoin” and “metaverse” to its reference pages. “Bitcoin” was previously added in 2016, while we included “cryptocurrency”, “initial coin offering” and “blockchain” in 2018.

Disclaimer: The opinions expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; However, Kitco Metals Inc. cannot. Nor does the author guarantee this accuracy. This article is for informational purposes only. It is not a solicitation to conduct any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. does not accept The author of this article will be liable for losses and/or damages arising from the use of this publication.

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