On 7 September 2021, El Salvador became the first country to adopt bitcoin as legal tender, through a law passed by the Legislative Assembly.  The Central Bank drew up technical standards to determine how the initiative would function, and the government provided citizens with a digital wallet and launched an educational program to inform the public about its roll-out.

El Salvador's adoption of Bitcoin as legal tender

University of Minnesota - Twin Cities

A cryptocurrency which uses blockchain as shared, distributed ledger to record and store its transactions. It is the first use of blockchain.

Bitcoin

- Transactions
- Timestamp Server
- Proof-of-Work
- Network
- Incentive
- Reclaiming Disk Space
- Simplified Payment Verification
- Combining and Splitting Value
- Privacy


Key Bitcoin Terms

Countries Adopting Bitcoin as Legal Tender

Bitcoin Pricing

- Bitcoin Whitepaper
- Metcalfe's Law as a Model for Bitcoin's Value
- The currency of the far-right: why neo-Nazis love bitcoin
- The Role of Cryptoassets as Legal Tender: The Example of El Salvador




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