History Of The Information Storing Blocks: Blockchains

  • 17th Apr'21
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Although blockchain is a new emerging technology, it already boasts an expensive and fascinating history. Future technology could be a temporary timeline of a number of the foremost vital and notable events within the development of blockchain. 

 

History of Blockchain

 

2008

Satoshi Nakamoto, an anonym for an individual or cluster, publishes “Bitcoin: A Peer to peer Electronic money System."

 

2009

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

 

2010

Florida-based technologist Laszlo Hanycez completes the first-ever purchase — 2 male parents John’s pizzas. Hanycez transferred ten,000 BTC’s, price regarding $60 at the time. Today it's worth $80 million. The market cap of Bitcoin formally exceeds $1 million.

 

2011

1 BTC = $1USD, giving the cryptocurrency parity with the US dollar. 

Electronic Frontier Foundation, Wikileaks and different organizations begin accepting Bitcoin as contributions.

 

2012

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

 

2013

BTC market cap surpassed $1 billion.

Bitcoin reached $100/BTC for the initial time.

 

2014

Buterin’s Ethereum Project is crowdfunded, raising over $18 million in BTC and gap up to new avenues for blockchain. 

R3, a gaggle of over two hundred blockchain corporations, is made to get new ways that blockchain will be enforced in technology.

PayPal announces Bitcoin integration.

 

2015

Number of merchants acceptive BTC exceeds one hundred,000.

NASDAQ and San-Francisco blockchain company Chain group to check the technology for commercialism shares in-camera corporations.

 

2016

Tech big IBM announces a blockchain strategy for cloud-based business solutions.

Government of Japan acknowledges the legitimacy of blockchain and cryptocurrencies.

 

2017

Bitcoin reaches $1,000/BTC for initial time.

Cryptocurrency market reaches $150 billion.

JP Morgan chief operating officer Jamie Dimon says he believes in blockchain as a future technology.

Dubai announces its government are blockchain-powered by 2020.

 

2018

Facebook commits to start a blockchain cluster and additionally hints at the chance of making its own cryptocurrency.

IBM develops a blockchain-based banking platform with giant banks like Citi and Barclays language on.

 

We, at OpenGrowth, are continually looking for trending startups in the ecosystem. If you want to know any further information about the startup ecosystem or have any mind-boggling ideas, do refer to the other blogs at OpenGrowth. If you have any suggestions, do let us know in the comment section below. 

 

Contributor: Sudeshna Dutta

Sudeshna is an engineer in making. She is a writer at OpenGrowth. Apart from dealing with circuits and chips, she is passionate about being a keyboardist and pianist and wants to attain professionalism in it with her talent coupled with hard work.

Sources/References:

*Note: The content published above was made in collaboration with our members.

About the author:

Kumar Amritanshu (Editor), Super admin

Amritanshu, a geek, an explorer, traveler and innovative creator by heart. Experimenting with new ideas and exploring innovative technologies are his break-through talent. Endless craze for technology and creativity. Associated with editorial team at OpenGrowth and keenly serving great stuff from startup world.


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