Top 10 Greatest Moments in Bitcoin History
Bitcoin has had many impressive achievements within its fist six and a half years, but with the help of historyofbitcoin.org to find some key dates of events, here are the Top 10 Moments in Bitcoin history.
Bitcoin has had many impressive achievements within its fist six and a half years, but with the help of historyofbitcoin.org to find some key dates of events, here are the Top 10 Moments in Bitcoin history. Some were good, some were bad, some were ugly, but all were memorable … so memorable that many have even transcended the Bitcoin space and reached the mainstream’s consciousness. So let’s take a walk down Bitcoin’s Memory Lane, shall we?
The creation of Bitcoin
Such a “technological tour de force as Microsoft founder Bill Gates once said about Bitcoin, is not easily brought to life by even the smartest among us. There are small pieces to the Bitcoin puzzle that led up to the Genesis Block in 2009 that created this historic event.
Bitcoin creator Satoshi Nakamoto is the most mysterious part of Bitcoin’s early history, as he has only been found is some email messages to people like Hall Finney and Mike Hearn (certainly not be Newsweek). Bitcoin development was rumored to have begun in 2007, but real progress is seen in August of 2008, when Neal Kin, Vladimir Oksman, and Charles Bry file an application for an encryption patent application.
Although some aspects are similar to the Bitcoin product to come, no direct connection to Bitcoin or Nakamoto is made. This would not be terribly relevant if the domain bitcoin.org was not registered three days later, anonymously.
On Halloween, October 31, 2008, the official white paper for the design of Bitcoin was published on metzdowd.com. The eight-page outline shows how the Byzantine General’s Theory, previously unsolved for decades, and issues with double spending have been solved by this new Bitcoin invention. Andreas Antonopoulos touts it as the best such research paper he’s ever read, revealing how Bitcoin is not just a currency, but a new technology destined to change the world. Block 0 is mined on January 3, 2009, and Bitcoin is officially invented.
Bitcoin’s first transaction
Nine days later, the first ever transaction in Bitcoin is made between founder Satoshi Nakamoto and cryptog