History of Bitcoin – Cryptohumb.co

Satoshi Nakamoto, an unknown individual or group of people, was able to implement Bitcoin ten years ago. Since that day, many notable events have occurred:

August 18, 2008

  • The domain name “bitcoin.org” was registered on “anonymousspeech.com”.

October 31, 2008

January 3, 2009

  • The first block, also known as “Genesis Block”, of the Bitcoin Network was mined. The time step of the following block was dated six days later.

January 12, 2009

  • 10 Bitcoins were sent from Nakamoto to Hal Finney, which represents the first Bitcoin transaction.

March 17, 2010

  • Until “BitcoinMarket.com” started operating as an exchange in May 2010, the cryptocurrency was worth virtually nothing.

May 22, 2010

  • The first recorded material purchase was made by Laszlo Hanyecz, who agreed to pay 10,000 Bitcoins, around 70 Million USD at current rates, for two pizzas. “I’ll pay 10,000 bitcoins for a couple of pizzas.. like maybe 2 large ones so I have some left over for the next day,” he wrote in his post on “bitcointalk.org”.

August 15, 2010

  • 184 billion Bitcoins were generated due to a bug in the system. Shortly after this incident Satoshi Nakamoto and Gavin Andresen, an early Bitcoin developer, hard forked the blockchain to destroy those hacked Bitcoins. 20 hours after the release of version 0.3.1, the new chain became the dominant one.

November 28, 2012

  • The block rewards decreased for the first time. Therefore, the rewards dropped from 50 to 25 Bitcoins.

February 7, 2013

  • Mt. Gox, the world’s largest Bitcoin exchange at that time, stopped and suspended all withdrawals. Over 800,000 Bitcoins were stolen and only 200,000 of them have been recovered to this day.

July 9, 2016

  • Block rewards halved for the second time, dropping to 12.5 Bitcoins.

December 17, 2017

  • The price of Bitcoin was just over 20,000 USD, reaching a new all-time high.

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