Did you know the word “blockchain” was first used in 2010? Since Bitcoin was created by Satoshi Nakamoto, we entered a decade that truly can be called a crypto decade. Today, turning the page to 2020, let’s recap the crypto benchmarks and look at the major events of 10 years in the decentralized world.

Happy 2020 from the BTCMEX Team!

On January 3rd, 2009, a mysterious figure named Satoshi Nakamoto launched a virtual currency named Bitcoin that functioned atop what s/he called a Proof of Work chain, known today as a blockchain.

2010

February: The first cryptocurrency exchange, Bitcoin Market was established.

April: 1,000 BTC were traded for 30 US dollars in the first public Bitcoin trade.

May: Laszlo Hanyecz paid BTC 10,000 for two Papa John’s pizzas (approximately USD 25), which was the first real-world Bitcoin transaction.

June: Bitcoin developer, Gavin Andreson, created a faucet offering 5 free BTC to the public.

July: The word “blockchain” appeared on the BitcoinTalk forum. Magic The Gathering Online eXchange, also known as Mt. Gox, was established.

August: A bug in the Bitcoin protocol leads to the emergency Hard Fork.

2011

January: One-quarter of a total of 21 Million Bitcoins was mined.

February: BTC/USD parity established.

April: BTC/EUR and BTC/GBP parity established.

June: WikiLeaks started accepting Bitcoin. Mt. Gox hacked.

October: Litecoin released.

2012

May: The first issue of Bitcoin Magazine (founded by Mihai Alisie and Vitalik Buterin) was published.

September: Bitcoin Foundation created. Coinbase raised over $600k.

November: First Bitcoin halving set the reward at 25 BTC per block.

2013

February: Reddit started accepting Bitcoin.

May: Total Bitcoin value reached more than 1 Billion USD. The first rally and crash took place. BTC price rose from $13 to $220 and dropped to $70.

June: 25,000 BTC were stolen from the Bitcoin forum founder.

July: Mastercard became the first project to conduct an ICO.

October: The FBI cracked on the dark web marketplace, Silk Road, and confiscated 26,000 BTC. The first Bitcoin ATM began to operate at Waves Coffee Shop in Vancouver.

November: Vitalik Buterin released the Ethereum whitepaper. Bitmain released S1 Miner. Bitcoin’s price broke USD 1,000.

December: The Chinese government stated Bitcoin was not a currency.

2014

January: Vitalik Buterin announced Ethereum at the North American Bitcoin Conference in Miami.

February: Mt. Gox went offline. Over 850,000 BTC lost. 

March: Credit-card processor Stripe began to accept Bitcoin.

April: Gavin Wood released the Ethereum yellowpaper.

June: Ethereum Foundation was established. Silk Road confiscated BTC is purchased by venture capitalist Tim Draper.

July: The first stablecoin, BitUSD, was launched by BitShares.

October: ConsenSys is founded by Joe Lubin.

By year’s end: Paypal, Zynga, Overstock.com, Expedia, Newegg, Dell, Dish Network, and Microsoft were all accepting Bitcoin payments.

2015

January: Coinbase opened the first US-based cryptocurrency exchange.

April: NASDAQ initiated the blockchain trial.

July: Ethereum’s first live mainnet released – Frontier – launched.

August: The first token on Ethereum blockchain, Augur, was launched.

October: Bitcoin was featured on the front cover of The Economist.

December: Linux Foundation established Hyperledger project

2016

January: Joseph Poon and Thaddeus Dryja released “The Bitcoin Lightning Network: Scalable On-Chain Instant Payments”.

March: Second Ethereum mainnet release, Homestead, rolled out.

April: The DAO (decentralized autonomous organization) launched a 28-day crowdsale.

May: Chinese Financial Blockchain Shenzhen Consortium was created

June: The DAO was attacked. 3.6 Million ETH stolen.

July: The DAO attack resulted in a Hard Fork of the Ethereum Blockchain to recover funds. A minority group rejected the hard fork and continued to use the original blockchain – Ethereum Classic. Second Bitcoin halving set the reward at 12.5 BTC per block.

2017

January: BTC price broke USD 1,000 for the first time in three years.

February: Enterprise Ethereum Alliance was formed.

April: Bitcoin was officially recognized as currency by Japan.

June: EOS began its year-long ICO.

August: Bitcoin Cash forked from the Bitcoin Network.

September: China banned ICOs. The amount locked in decentralized finance apps reached $1 Million.

October: Ethereum released Byzantium Hard Fork network upgrade, part one of Metropolis. Bitcoin price surpassed $5,000 for the first time.

November: Bitcoin price surpassed $10,000 USD for the first time.

December: BTC price went to a so far all-time high USD 19,891. Lightning Network Protocol 1.0 was released. Ethereum DApp Cryptokitties went viral. Maker DAO launched DAI.

2017 saw 435 successful ICOs raising a cumulative total of over $5.6 Billion.

2018

January: Switzerland began to accept tax payments in Bitcoin. 80% of all BTC has been mined. Ethereum price peaked near USD 1,400. Facebook banned all crypto ads.

March: Google banned all crypto ads. Twitter banned all crypto ads.

April: The EU government committed $300 Million to develop blockchain projects.

June: South Korean government invested millions into blockchain development initiatives.

July: Over 100,000 ERC20 tokens were created.

August: New York Stock Exchange owner announced Bakkt, a federally regulated digital asset exchange. Monetary Authority of Singapore launched Project Ubin.

October: Bitcoin celebrated the 10th anniversary.

November: Bitcoin Cash hard forked into Bitcoin ABC and Bitcoin SV.

December: 90% of banks in the US and Europe reported exploration of the blockchain technology. Kaspersky report claimed that 19% of the global population purchased cryptocurrency prior to 2019.

2019

January: Coinstar began selling cryptocurrency at grocery stores across the US.

February: Ethereum’s Constantinople Hard Fork was released, part two of Metropolis.

April: Bitcoin saw 400 Million in total transactions.

June: Facebook announces Libra.

July: United States Senate held hearings titled “Examining Regulatory Frameworks for Digital Currencies and Blockchain”.

October: Block.One was fined $24 Million by the SEC for its unregulated $4 Billion EOS ICO.

November: BTCMEX was established. Over 3000 DApps created. Of them, 2700 were built on Ethereum. Amount of Ether locked in DApps reached the all-time high of 2.7 Million ETH. 

December: Ethereum’s Istanbul Hard Fork was released.

2020…

Halving is coming: explore predictions and expectations together with BTCMEX.

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