Bitcoin History

63Go...g4wv
5 Jan 2024
47

Bitcoin history ;

Bitcoin is a cryptocurrency invented in 2008. It was released as open source software in 2009 and made available to people.
The first recorded purchase of goods with Bitcoin was when Laszlo Hanyecz bought two pizzas for 10,000 BTC. The day this transaction took place is still known as Bitcoin Pizza Day.

The first Bitcoin halving took place in 2012. At that time, people engaged in Bitcoin mining were rewarded with 50 BTC for every 200 blocks mined, which shows how few people were interested in Bitcoin mining. As such, the value of Bitcoin was quite low. On May 18, 2012, a person named Hanyecz said that he could give 10,000 Bitcoins for 2 large pizzas on a forum site called Bitcointalk.org. No one accepted his offer until May 22. The first physical exchange took place on May 22.
Isn't this pretty funny? :)

I will present you a few important developments about bitcoin.
--October 31, 2008: Bitcoin Whitepaper published by Satoshi Nakamoto

--January 3, 2009: The first Bitcoin block was created.

--January 12, 2009: The first Bitcoin transfer took place between Nakamoto and programmer Hal Finney

--October 5, 2009: New Liberty Standard exchange published the first Bitcoin rate. $1 = 1,309.03 BTC

--July 2010: The first Bitcoin exchange, Mt. Gox was founded.

--August 2010: Bitcoin market value exceeded $1 million. 1 BTC = $0.5

--February 9, 2011: Bitcoin became equal to the US Dollar for the first time. 1 BTC = $1

--April 23, 2011: With the start of selling Bitcoin in Euros and British Pounds, its market value reached around 10 Million Dollars.

--March 28, 2013: Bitcoin market value exceeds $1 Billion

--May 2, 2013: The first Bitcoin ATM went into operation in San Diego, California.

BTC value table by years is as follows


Write & Read to Earn with BULB

Learn More

Enjoy this blog? Subscribe to Mc77

5 Comments

B
No comments yet.
Most relevant comments are displayed, so some may have been filtered out.