Through an interactive timeline, take a deep dive into the complete history of the only cryptocurrency worth owning, Bitcoin.
The most comprehensive timeline of significant Bitcoin events that have occurred from pre-inception to today. Let's dive in!
Skip the cue, choose a year:
Although his first comment was to tell us that our original description and dates were slightly off, we're still going to claim this one as a win! 🏆
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
Satoshi Nakamoto, in his first email to the Cryptography Mailing List.
"Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.first 4 years: 10,500,000 coins next 4 years: 5,250,000 coins next 4 years: 2,625,000 coins next 4 years: 1,312,500 coins etc..."
Satoshi Nakamoto, in his email to Cryptography Mailing List subscribers, January 8, 2009.
A screenshot of bitcoinmarket.com in August 2011, showing Bitcoin trades at $10 for 46.06 BTC (that is $0.25 a Bitcoin!!) 😭
A developer of Bitcoin, Gavin Andresen, creates a website where he distributed 5 bitcoins to users - signalling the first ever Bitcoin Faucet.
The release of Bitcoin v0.3 was announced on the technology news website Slashdot, resulting in a surge of interest and new users joining the network. This event led to a significant increase in the Bitcoin network's computing power and price.
In 2010, the first Bitcoin exchange, Mt. Gox, was launched, enabling users to trade Bitcoin for traditional currencies. Mt. Gox quickly became the dominant platform for Bitcoin trading, handling up to 70% of all transactions.
However, the exchange's rapid growth made it a target for hackers, and a series of high-profile security breaches culminated in the loss of 850,000 Bitcoins in 2014, leading to Mt. Gox's eventual collapse.
Instead, Bitcoin Cash was created as a result of a disagreement within the Bitcoin community about how to improve the scalability of the Bitcoin network. Some members of the community believed that the block size limit should be increased to allow for more transactions to be processed per block, while others supported the implementation of SegWit, a technology that allows for more transactions to be processed by optimizing the use of block space.
On this day Segwit officially activated on the Bitcoin blockchain.
After a pretty dry past 12 months, Bitcoin rises back to $10K, and hits $13,880 on June 26 before sliding back down.
Trump shares his opinion on cryptocurrencies, and spoiler alert, he isn't a fan.
In a series of Trump-style tweets, he claims that Bitcoin and other cryptocurrencies are “based on thin air” and claims they encourage “unlawful behaviour.”
On September 27, 2019, the Bitcoin network's hash rate, which is a measure of the computing power being used to mine and process Bitcoin transactions, reached an all-time high of 114.34 million terahashes per second (TH/s).
This milestone reflected the growing interest and participation in the Bitcoin network by miners and investors around the world.
A higher hash rate is generally considered to be a positive sign for the network's security and resilience, as it makes it more difficult for attackers to launch a 51% attack.