First Documented purchase with Bitcoin

Do you own any Bitcoin? Did you know that you can use it to buy anything from a car to a new patio set? Bitcoin has gained so much value in the market that people are actually interested in investing in it. But what do you know about the first documented purchase with Bitcoin? On May 17, 2010, laszlo posted a request to buy pizza with bitcoin. On May 22, trading 10,000 BTC for two pizzas was successfully reported.

Bitcoin is a cryptocurrency which is based on Blockchain technology. Cryptocurrency is a digital currency that is used as a medium for exchange of goods and services. Like Bitcoin there are other crypto currencies like Ethereum, Cardano etc. A bitcoin blockchain is a decentralized ledger of its transactions. A block usually contains the ID of previous transaction and current one.

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