Author: Olesya Novik
Blockchain News

10 Years of Bitcoin: Stay Tuned

No, we didn't forget! 31 October was the 10th Bitcoin Birthday.

We heard a lot of rumors, doubts, and thoughts, both positive and negative about this first digital coin.
However, no one can deny that in the first decade of its existence Bitcoin brought an intrinsic development to the technology world.

Thus, here is a brief glimpse into the history of Bitcoin for you.

2008, Aug 18 Bitcoin.org domain is registered.

2008, Oct 31 “Bitcoin: A Peer-to-Peer Electronic Cash System”, or, in simple terms, Bitcoin whitepaper is published by an unknown person or group of people called Satoshi Nakamoto.
It includes not only description of Bitcoin itself, but also an explanation of the blockchain decentralized ledger.

Related: How and Why Did Cryptocurrency Emerge?

2009, Jan 3 The first “block” (Genesis Block) of Bitcoin is mined by Satoshi Nakamoto.
The next block was created after 6 days.

2009, Jan 12 Block 170 recorded the first Bitcoin transaction.
This first move of Bitcoin was between S. Nakamoto and Hal Finney.
Nakamoto sent 10 BTC to Hal Finney who is one of the first contributors to the Bitcoin project.

Related: The last Bitcoin is mined. No. But when?

2009, Oct 5 New Liberty Standard sets the first ever Bitcoin to dollar rate (1$ = 2300.03 BTC).

2010, Feb Dwollar establishes the world’s first Bitcoin market.

2010, May 22 Laszlo Hanecz bought two pizzas for 10,000 Bitcoins.

2010, July 7 New Bitcoin’s software released that leads to an increase in its value ($0.008/1BTC to $0.8/1BTC).

2010, July 17 The world’s largest Bitcoin exchange Mt.Gox was launched.

2011, Feb 9 1 BTC = 1$.

2011, June 19 The first serious security fall of Mt.Gox.

2012, Nov 28 The block mining reward reduced for the first time (from 50BTC to 25BTC).

2013, April 9 1 BTC = 200$.

2013, Nov 28 1 Bitcoin is $1,000.

2014, Feb 28 Hacker attack on Mt. Gox, 850,000 Bitcoins were stolen.
That has shown all the risks and weaknesses of exchanges.

2014, Dec 11 Microsoft approved accepting Bitcoin payments.

Related: 10 People in Blockchain Industry To Know

2016, July 9 Bitcoin mining reward second halving (12.5 BTC for every block mined).

2017, June 11 1 BTC = $3,000.

2017, Aug 1 A clone of Bitcoin – Bitcoin Cash is created.

2017, Dec 10 Cboe Global Markets Inc and CME Group Inc launched Bitcoin trading, allowing Bitcoin investors to bet on the price of digital money.

2017, Dec 18 The price of Bitcoin on Bitstamp is $19,666.

These are not all the events that occurred in the “10 years way” of Bitcoin. We do hope that we’ll see more and more notorious things about it.

So, stay tuned with TRASTRA and Bitcoin 🙂

Author:

Olesya Novyk

TRASTRA Community Manager

Social Media Marketing Manager and Junior Marketing Specialist with 2 years’ experience in community management.

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