Bitcoin
The history of Bitcoin is a fascinating story of innovation, disruption, and economic experimentation. Here's a breakdown of the key milestones:
2008: The Birth of Bitcoin
* Satoshi Nakamoto: An anonymous figure (or group) releases a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." This paper outlines the concept of a decentralized digital currency that would operate without the need for a central authority.
2009: The Bitcoin Network Launches
* Genesis Block: Nakamoto mines the first-ever Bitcoin block, known as the "genesis block." This marks the official launch of the Bitcoin network.
* Early Adoption: A small group of enthusiasts begins to use Bitcoin for transactions and experiments with the technology.
2010-2013: Early Growth
* Pizza Day: The first recorded real-world transaction using Bitcoin occurs, where someone purchases two pizzas for 10,000 BTC.
* Increasing Interest: Bitcoin starts to gain attention from the tech community and early adopters of cryptocurrency.
* Price Fluctuations: The price of Bitcoin experiences significant volatility, with periods of rapid growth and decline.
2014-2017: Mainstream Attention
* Institutional Interest: Traditional financial institutions and investors begin to take notice of Bitcoin and its potential