18.02.2023

The chronicle of cryptocurrency in facts and persons - how and where it all started

Today, cryptocurrencies have firmly entered our lives and are increasingly penetrating into its most diverse spheres - everyone knows about them, many people talk about them and use them. But where did it all start? How did it happen that a digital coin that once cost nothing and was exchanged for pizza is now trading at a price of tens of thousands of dollars?

Next, we will analyze a brief chronology of the formation of cryptocurrencies and talk about those who took a direct part in this.


 October 31, 2008 - the beginning began. Satoshi Nakamoto has published the bitcoin whitepaper, a document containing a description of the protocol and the principles of functioning of the payment system in the form of a peer-to-peer network. The real identity of Satoshi Nakamoto has not yet been revealed.



 January 3, 2009 - the first 50 bitcoins were mined;


 January 12, 2009 - the first bitcoin transaction took place. Satoshi Nakamoto transferred 10 bitcoins to Hal Finney, who became the second member of the network;


 September 2009 - Bitcoin was first exchanged for fiat. Marty Malmi received $5.02 for 5050 BTC;


 May 22, 2010 - the first exchange of bitcoin for physical goods was released. Laszlo Heinitz bought 2 pizzas for 10,000 bitcoins, and in the context of today it is probably one of the most unprofitable deals in history;


 November 2010 - the capitalization of bitcoin overcame the $ 1 million mark;


 March 2013 - the capitalization of bitcoin amounted to $ 1 billion;


 The summer of 2013 was the first ICO in crypto history. The Mastercoin project attracted 5,000 BTC;


 October 2013 - the first Bitcoin vending machine appeared in Vancouver, Canada. And the following month, the price of bitcoin broke the $ 1,000 mark for the first time;


 July-August 2014 - successful ICO of Etherium, a coin that still occupies the second line of the crypto rating after bitcoin;


 December 11, 2014 - the first precedent of a large corporation working with cryptocurrency - Microsoft began accepting bitcoins as a means of payment in its stores;


 January 26, 2015 - Coinbase, the first American licensed crypto exchange, is launched;


 July 2017 - opening of the largest Binance exchange at the moment;


November 10, 2021 - the bitcoin exchange rate broke the historical maximum and exceeded 69 thousand dollars.


Thus, in just 15 years, which is not much in the context of world history, cryptocurrencies have made an impressive journey from an idea that few people believed in to a new way of global calculations that changed the entire conjuncture of the global financial market. This is a grandiose success story, which is obviously still at its beginning, because according to many experts, the future belongs entirely to digital currencies.


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