11 years ago today, Bitcoin was first introduced to the world

Bitcoin, the world's first and largest cryptocurrency, might have celebrated its 10th birthday in January this year, but it was 11 years ago today that it was introduced to the world.

Oct. 31 marks the day the Bitcoin whitepaper was introduced.

The mining of the first Bitcoin block on Jan. 3, 2009 is seen by most as the day when everything started, but the truth is that crypto history began much earlier than that.

It was 11 years ago today, on Oct. 31, 2008, that an anonymous programmer going by Satoshi Nakamoto first introduced the concept of Bitcoin to the world.

11 years ago, someone sent an email that would change the world.

Titled "Bitcoin P2P e-cash paper," the email contained the link to the Bitcoin Whitepaper, alongside a brief explanation of the new concept.

The email marked the beginning of a strenuous development process of mining the first Bitcoin that took just over two months to complete.

All of this led to the creation of the first Bitcoin block called the genesis block, on Jan. 3, 2009.

It took fifteen months of idle mining before the first Bitcoin token was traded-it was traded for around $0.003 on Bitcoinmarket.com, a now-defunct trading platform.

The coin has broken every historical record-at press time, Bitcoin's price stood at around $9258, which means it appreciated more than 308 million percent.