Although blockchain it is a relatively new technology, it already has a long and interesting history. The following is a brief timeline of some of the most important and notable events in the development of the blockchain.
Satoshi Nakamoto, a pseudonym for a person or group, posts “Bitcoin: A Peer to Peer Electronic Cash System«.
The first complete Bitcoin (BTC) transaction occurs between computer scientist Hal Finney and the mysterious Satoshi Nakamoto.
Programmer Laszlo Hanycez in Florida Completes First Bitcoin Purchase: Two Papa John's Pizzas.
– Hanycez transferred 10,000 BTC, worth around $60 at the time.
– Today it is valued at 80 million dollars.
Bitcoin's market cap is officially over $XNUMX million.
– 1 BTC = $1 USD, which gives the cryptocurrency parity with the US dollar.
– Electronic Frontier Foundation, Wikileaks and other organizations start accepting Bitcoin as donations.
– Blockchain and cryptocurrencies are mentioned in popular TV shows like The Good Wife, injecting blockchain into pop culture.
– Bitcoin Magazine launched by an early Bitcoin developer, Vitalik Buterin.
– The capitalization of BTC exceeded one billion dollars.
– Bitcoin reached the exchange rate of $100,00USD per BTC.
– Buterin publishes “Ethereum Project” document suggesting that blockchain has other possibilities besides Bitcoin (eg smart contracts).
– Gaming company Zynga, Las Vegas Hotel, and Overstock.com begin accepting Bitcoin as payment.
– Buterin's Ethereum project is funded by an initial coin offering that raises over $18 million in BTC and opens new avenues for blockchain.
– R3, a group of over 200 blockchain companies, is formed to discover new ways blockchain can be implemented in technology.
– PayPal announces Bitcoin integration.
– The number of businesses that accept BTC exceeds 100.000.
– NASDAQ and San Francisco-based blockchain firm Chain team up to test technology for trading shares in private companies.
– IBM announces a blockchain strategy for cloud-based business solutions.
– The government of Japan recognizes the legitimacy of blockchain and cryptocurrencies.
– Bitcoin reaches 1,000,00USD per BTC for the first time.
– The market capitalization of cryptocurrencies reaches $150 billion.
– JP Morgan CEO Jamie Dimon says he believes in blockchain as a future technology, giving the accounting system a vote of confidence from Wall Street.
– Bitcoin peaks at $19,783.21USD per BTC.
– Dubai announces that its government will be powered by blockchain in 2020.
– Facebook agrees to start a blockchain group and opens the possibility of creating its own cryptocurrency.
– IBM develops a banking platform based on blockchain with the signing of large banks such as Citi and Barclays.
– Chinese President Ji Xinping publicly embraces blockchain as China’s central bank announces it is working on its own cryptocurrency
– Twitter & Square CEO Jack Dorsey announces that Square will hire blockchain engineers to work on the company's future crypto plans.
– The New York Stock Exchange (NYSE) announces the creation of Bakkt, a digital wallet company that includes crypto trading.
– Bitcoin almost reaches 30,000 dollars of exchange for BTC at the end of 2020.
– PayPal announces that it will allow users to buy, sell and hold cryptocurrencies
– The Bahamas becomes the first country in the world to launch its central bank's digital currency, aptly known as the "sand dollar."
– Blockchain becomes a key player in the fight against COVID-19, mainly to securely store medical research data and patient information
