The Lightning Network Is Bringing Payments Back to Bitcoin ( $61,295.00 )

In the fall of 2008, the white paper “ Bitcoin ( $61,295.00 ) : A Peer-to-Peer Electronic Cash System,” authored by Satoshi Nakamoto, circulated on a cryptography mailing list. As signaled by the title, it proposed a protocol for creating an electronic cash system without the need for intermediaries or trust. Some months later, in January 2009, the first-ever Bitcoin ( $61,295.00 ) block was mined.