On October 31, 2008, a cryptography expert (possibly a group) nicknamed “Satoshi Nakamoto” published a whitepaper on the Internet entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”. The whitepaper describes a revolutionary technology that creates the world’s first true, peer-to-peer and decentralized monetary system.

Three months after, on January 3, 2009 (UTC+8), the author of the whitepaper “Satoshi Nakamoto” created the first block on a small server in Helsinki, Finland – Bitcoin GenesisBlock, and got the first ever 50 bitcoin rewards. The first bitcoin came to the world!

Ever since, Bitcoin has gradually become the mainstream and now Bitcoin has been with us for a decade.

For the 10th anniversary of Bitcoin, let us review the development of Bitcoin in the past decade.

 

2008

On August 18, The domain name “bitcoin.org” was registered by “Satoshi Nakamoto”.

On October 31, Bitcoin whitepaper was published.

 

2009

On January 3, “Satoshi Nakamoto” created the first block, the Bitcoin Genesis Block, and received 50 bitcoin rewards.

On January 9, the first version of the Bitcoin client was released.

On January 12, “Satoshi Nakamoto” issued the first bitcoin transaction and transferred to Hal Finney with a total 10 BTC.

 

2010

On the May 22nd, US programmer Laszlo sent post on BitcoinTalk claim that he bought two pieces of pizza with 10,000 btc. At the time, 1 bitcoin was $0.008.

July 11th, technology media agency Slashdot made the first report about Bitcoin, which brought a huge number of users to Bitcoin.

On July 16, the first bitcoin exchange MT.Gox was founded, and a trading platform was born for Bitcoin exchange.

On November 27, the first bitcoin mine pool Sluch Pool came out.

 

2011

On February 13, Bitcoin price reached to 1 dollar.

In March, the whole network speed reached 1T, unleashed the GPU mining ear. The price of 1 BTC fell to $0.60.

 

2012

On September 27, the Bitcoin Fund was established and an invitation system was implemented.

On November 28, half of the total amount of 21 million Bitcoin has already mined.

 

2013

On January 16, Avalon produced the first commercial bitcoin ASIC machine.

On November 22, the deputy governor of the Chinese central bank said: China is unlikely to recognize the legality of Bitcoin in the near future.

On December 1, Bitcoin price raised 521%, first time ever surpassed 1 ounce of gold price.

On December 5, People’s Bank of China issued the “Notice on the Prevention of Bitcoin Risk”, causing Bitcoin prices to plummet on that day.

 

2014

On February 28, MTGOX, the world’s largest cryptocurrency exchange, claimed to have been hacked, and 800,000 bitcoins were stolen and filed for bankruptcy.

 

2015

On December 7, The Segregation Witness Program (Segwit) was first proposed.

 

2016

On January 14, the Lightning Network white paper was first released.

 

2017

On January 2, Bitcoin price surged in the beginning of this year, once again, the price went over $1,000.

On January 6, The People’s Bank of China and its Shanghai headquarters interviewed three bitcoin exchanges in Beijing and Shanghai.

On September 4, the “Announcement on Preventing Financing Risks of Token Offerings” issued by the seven ministries and commissions such as People’s Bank of China, required the domestic exchanges to close by the end of October.

On October 31, three major bitcoin exchanges in China all have been issued the cessation of transactions between RMB and bitcoin, and the Chinese Bitcoin exchange were all closed.

 

2018

On October 31, the 10th anniversary of the Bitcoin White Paper!

 

2020

In May, Bitcoin output will half again.

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