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(Kitco News) – The world of cryptocurrencies has now been recognized by Guinness World Records (GWR), which has added Bitcoin to its new “Cryptomania” category, recognizing the top crypto as the first decentralized currency.
GWR has cataloged record feats and achievements since 1955, and 2022 marked the first time developments in the crypto industry made their way into the record books. Their induction follows several years of a higher public profile for the crypto industry, which saw new record high prices in 2021.
Several other notable blockchain achievements have also been added, including the adoption of cryptography, fan tokens, and non-fungible tokens (NFTs).
Apart from being recognized as the first decentralized currency, Bitcoin has also been recognized as the most valuable cryptocurrency due to its market capitalization 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 centralized organization, or ‘trusted third party,’ to oversee transactions,” reads its description page, noting that previous attempts to create such a currency “still required a trusted third party (acting like a bank) to make sure people didn’t ‘double spend’.
GWR has acknowledged Satoshi Nakamoto as the pseudonymous creator of Bitcoin and traced the digital currency’s origins to the online community “Cypherpunks”, a collective that brought together crypto enthusiasts, libertarians and software developers, including Satoshi Nakamoto.
“A working implementation of the concept was completed on January 3, 2009, when Nakamoto mined the first block from the blockchain, and the open source client was released to the public on January 9, 2009.”
The CryptoPunks non-fungible token (NFT) project was also recognized by GWR as the “most expensive nft collector” after CryptoPunk #5822 was bought for $23.7 million, or 8,000 Ether on February 12th. this year by entrepreneur Deepak Thapliya.
Fan tokens also made their debut as a category in the book, with the Manchester City token recorded as the “most valuable fan token” with a market cap 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 marks a growing trend of public recognition of advancements in the cryptocurrency industry.
Last week, the world’s leading crypto exchange Binance announced that it had broken a Guinness World Record after being recognized for hosting the biggest crypto lesson yet, with 289 people attending Blockchain Land Nuevo León on the 7th. october.
And in early September, the Merriam-Webster dictionary added the words “altcoin” and “metaverse” to its reference pages. “Bitcoin” was already added in 2016, while “cryptocurrency”, “initial coin offering” and “blockchain” we included in 2018.
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