estory logo
The history of Bictoin 3
By JB MALZAC

  1. 2008

    The man behind Bitcoin

    "Satoshi Nakamoto is the creator of Bitcoin, however, no one knows who this mysterious character is or if it is a title representing a group of people. Many say Nakamoto originated from Japan, while others says he comes from UK."

  2. August 2008

    Bitcoin.org

    "Neil Kin, Vladimir Oksman and Charles Bry apply for an encryption patent application. They also registered the site Bitcoin.org, buying the domain name anonymously over anonymousspeech.com"

  3. October 2008

    The alternative finance system explained

    "The mysterious Satoshi Nakamoto released the whitepaper on a cryptography mailing list, detailing the idea of Bitcoin – a peer-to-peer finance system."

  4. January 2009

    Genesis Block

    "Bitcoin v0.1 has been released! The Genesis Block (block 0) was mined, creating the first bitcoins. At this time, mining Bitcoin was competition-free and didn’t require huge amounts of hashing power. The process could be achieved by using your CPU."

  5. May 2010

    The most expensive Pizzas in the world!

    "A programmer from Florida sent 10,000 BTC to a person in the U.K. in return for two pizzas from Papa John’s! This amount in BTC then would represent more than 2 millions USD now."

  6. July 2010

    Birth of famous Exchange

    "Mt Gox Exchange, One of the most well-known exchanges to trade in the cryptocurrency space opened for business. The trade value is less than 1 USD per BTC."

  7. August 2010

    System weaknesses

    "A vulnerability was discovered in Bitcoin’s code, causing 184 billion bitcoins to be generated. Fortunately, the vulnerability was patched, but the exchange value of Bitcoin had crashed as a result."

  8. January 2011

    Silk Road

    "The Silk Road, an online market on the dark web, opens with Bitcoin as its native currency. Users can purchase and sell drugs without being traced."

  9. February 2011

    Parity

    "Bitcoin reaches parity with the US Dollar, for the first time in its history."

  10. 2012

    Coinbase

    "Coinbase, one of the most popular exchanges used to buy bitcoins, is founded and opens for business. Coinbase offers the ability to buy, sell, and store Bitcoin (and now Ethereum and Litecoin)."

  11. November 2013

    1000$

    "Despite the FBI shutdown of The Silk Road in October 2013, Bitcoin’s popularity continued to grow. The trading price of Bitcoin rallied above $1,000, and a whole new wave of wealth was created for many early investors."

  12. June 2014

    Bitcoin accepted by government

    "Bitcoin can no longer be considered as a “Currency for Criminals” with the US Govt auctioning off more than 29,000 bitcoins seized from The Silk Road. The use of Bitcoin often means that the identity of the user can be established."

  13. December 2014

    Bitcoin democratisation

    "Technology powerhouse Microsoft began accepting Bitcoins as payment. They could be used to buy games and videos on the X-Box, add apps and services to Windows phones or to buy Microsoft software."

  14. 2015/2016

    Slowly but surely

    "In this one and a half year, BTC slowly scaled up the charts to reach a value close 770$ by the June 2016, where it started with a lowly value 177$ in January 2015. The number of miners, developers associated with Bitcoin grew exponentially in this one and a half year."

  15. 2017

    Bitcoin is flying

    "Bitcoin starts breaking through the glass ceiling. It hit a high of almost 2900$ in the first half of 2017 itself. With Japan introducing new rules for digital currency and China letting down its guard a little, the worldwide demand for digital currency soared."

We are by eStory