Bitcoin was created by Satoshi Nakamoto in 2009. It took nearly two weeks after its initial release until the first official transaction on the network occurred between Satoshi and Hal Finney. Moreover, it took some time until the first financial transaction denominated in bitcoin took place. This day is known as Bitcoin Pizza Day, an event that is celebrated around the world every single year.
Despite its potential, bitcoin hasn't been without flaws. A major flaw was discovered in August of 2010 which effectively allowed users to create an infinite amount of bitcoins. Thankfully, any wrongdoings were erased from the blockchain and a software update was released. So far, it is the only major bug to be found - and exploited - in the bitcoin protocol code to date.
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