History of Blockchain

 History of Blockchain

Blockchain Evolution

2008

2009

  • The first successful Bitcoin (BTC) transaction occurs between computer scientist Hal Finney and the mysterious Satoshi Nakamoto.

2010

  • Florida-based programmer Laszlo Hanycez completes the first ever buy using Bitcoin — two Papa John’s pizzas. Hanycez transferred 10,000 BTCs, price about $60 at the time.
  • The market cap of Bitcoin officially exceeds $1 million.

2011

  • 1 BTC = 1 USD, giving the cryptocurrency parity with the US dollar.
  • Electronic Frontier Foundation, Wikileaks and other organizations start accepting Bitcoin as donations.

2012

  • Blockchain and cryptocurrency are mentioned in popular tv shows like The Good Wife, injecting blockchain into pop culture.
  • Bitcoin Magazine launched by early Bitcoin developer Vitalik Buterin.

2013

  • BTC market cap surpassed $1 billion.
  • Bitcoin reached $100/BTC for the first time.
  • Buterin publishes the “Ethereum Project” paper, suggesting that blockchain has different potentialities moreover Bitcoin (like sensible contracts).

2014

  • Companies Zynga, The D Las Vegas Hotel and Overstock.com all begin accepting Bitcoin as payment.
  • Buterin’s Ethereum Project is crowdfunded via an Initial Coin Offering (ICO) raising over $18 million in BTC and opening up new avenues for blockchain.
  • R3, a group of over 200 blockchain firms, is shaped to discover new methods blockchain might be implemented in technology.
  • PayPal announces Bitcoin integration.
  • The first-known NFT is minted

2015

  • Number of merchants accepting BTC exceeds 100,000.
  • NASDAQ and San-Francisco blockchain company Chain workforce as much as test the technology for trading shares in private companies.

2016

  • Tech giant IBM announces a blockchain strategy for cloud-based business solutions.
  • The government of Japan recognizes the legitimacy of blockchain and cryptocurrencies.

2017

  • Bitcoin reaches $1,000/BTC for the first time.
  • Cryptocurrency market cap reaches $150 billion.
  • JP Morgan CEO Jamie Dimon says he believes in blockchain as a future technology, giving the ledger system a vote-of-confidence from Wall Street.
  • Bitcoin reaches its all-time high at $19,783.21/BTC.
  • Dubai announces its government will be blockchain-powered by 2020.

2018

  • Facebook commits to starting a blockchain group and also hints at the opportunity of creating its personal cryptocurrency.
  • IBM develops a blockchain-based banking platform with massive banks like Citi and Barclays signing on.

2019

  • China’s President Ji Xinping publicly embraces blockchain as China’s central financial institution declares it’s working on its own cryptocurrency.
  • Twitter & Square CEO Jack Dorsey announces that Square will be hiring blockchain engineers to work on the company’s future crypto plans.
  • The New York Stock Exchange (NYSE) declares the creation of Bakkt — a digital wallet company that includes crypto trading.

2020

  • BTC almost reaches $30,000 by the end of 2020.
  • PayPal declares it should permit customers to buy, sell and hold cryptocurrencies.
  • The Bahamas turns into the world’s first nation to launch its central bank digital forex, fittingly often called the “Sand Dollar.”
  • Blockchain turns into a key player in the fight against COVID-19, primarily for securely storing medical analysis information and patient information.

2021

  • Bitcoin surpasses $1 trillion in market worth for the primary time.
  • Recognition for the implementation of Web3 rises.
  • El Salvador turns into first nation to undertake Bitcoin as authorized tender.
  • Tesla buys $1.5 billion in BTC, turning into the primary automobile producer to accept Bitcoin as a type of vehicle cost.
  • The metaverse, a digital atmosphere incorporating blockchain technology, garners mainstream consideration.

2022

  • Cryptocurrency loses $2 trillion in market value, as a result of economic inflation and rising interest rates.
  • Google launches a devoted Digital Assets Staff to supply buyer support on blockchain-based platforms.
  • The U.K. authorities proposes safeguards for stablecoin holders.
  • Popular video game Minecraft bans blockchain technologies and NFT use in its game.

Comments

Post a Comment

Popular posts from this blog

What are crypto whale trackers and how do they work?

Image
  What are crypto whales? Most cryptocurrencies have a number of large holders of the asset who can affect the value of the crypto asset. For energetic buyers and crypto traders, it helps to grasp the market behaviors of those whales. Crypto whales refer to large holders of cryptocurrencies. They are often people or organizations who typically own more than 10% of crypto. As an example, MicroStrategy owns nearly 130,000 Bitcoin (BTC) and can move the value of BTC by their market participation. Due to this fact, tracking the action of crypto whales provides timely insights into the price movement of a crypto asset. This isn't only a crypto phenomenon. In traditional markets, when a big player like Warren Buffett, a model or a hedge fund reveals that they've taken a place in a selected asset, the value of the asset rallies or vice-versa. That said, when these players promote an asset, the market typically follows. With cryptocurrencies and nonfungible tokens (N...
Read more

List of Cryptocurrencies You Need to Know

Image
Most people can name at least one cryptocurrency, and chances are good it’s both Bitcoin or Ethereum. Because the debut of Bitcoin — and the dawn of cryptocurrency — in 2008 by the mysterious and pseudonymous Satoshi Nakamoto, tens of thousands of cryptocurrencies have been released.  Estimates for the number of cryptocurrencies vary from 12,000 to 19,000 worldwide. Some are extra well-known than others. Some have sprouted up solely to wither and die below the heat of the rollercoaster cryptocurrency market: Total market capitalization reached $3 trillion in November of 2021 and in June of 2022, dipped below $1 trillion.  Types of Cryptocurrencies Dive into the cryptocurrency world and you’ll see three phrases pop up when referring to crypto: stablecoins, altcoins and tokens.  Stablecoins  are pegged to the value of a hard currency, for example the Japanese yen, U.S. dollar or Euro.  Altcoins  are something aside from Bitcoin, which is a...
Read more

Pain Ponits That Fairface Platform is Trying To Solve

Image
O ur goal is to resolve Fake reviews. Fairface Decentralized B2C network platform powered with   FAF tokens   will provide Verified, Validated, Trustable customer reviews to the world. Our experience shows, after multiple reminders less than 5% of customers write reviews on Businesses. Although their service is high quality, Businesses try very hard to collect reviews from all customers. So, Fairface introduce FAF tokens to reward customers who write reviews up on invitations. We expect 90% of customers will write reviews if they are been rewarded. FAF token  will be the first one to be implemented as a reward token on B2C platforms.
Read more