Cryptocurrency timeline
It is likely that for many it is the first time that they hear concepts like cryptocurrencies or blockchain or even Bitcoin, but the reality is that all these concepts have been around for a long time, so much so that we can already talk about the history of Bitcoin and for the same reason we decided in this article recount some of the most relevant events around this innovation, organized chronologically to give us an idea of what is happening, everything that has happened so far in the first For example, Bitcoin and all the technology necessary for its correct functioning is not an insignificant innovation.Therefore, as we have commented, it is common for Satoshi Nakamoto to be considered really a pseudonym used to cover up not just one person, but a group of people who participated in its conception and creation. Anyway, what has always been managed is that the development of all the technology started in 2007.
Later, in 2008, to be exact, August 18 was when he or those responsible for the project registered the official Bitcoin points website that serves to this day as the main means of information about the progress of the project.
The registration of this website, it is worth saying, was done through Anonymous Speech which is basically a service that allows any person or entity to register a website protecting their identity, so we continue to see an example of the great efforts of the creator, the creators of Bitcoin, to remain anonymous.
The next step the creators of the cryptocurrency took was to register the project on SourceForge.net declaring it open source, which basically means that anyone is free to access this site or GitHub and can download the code, which complies with four main purposes. In the first instance, another trusts the entire project, because instead of managing the common, industrial secret, controlling everything through a central company and with that causing uncertainty in the way each Bitcoin operation is validated and which in fact is the way banks work where there is no one to supervise them. Instead, the Bitcoin project was designed and intended to be open. That is, there was no secret and the code is available for anyone to download, review and realize that in fact, the algorithms that verify the transactions of the bitcoin economy are robust and do not have any deviation. Which again offers unprecedented reliability. A second purpose is to improve. If the person reviewing the code is an experienced programmer with a lot of coding skills, he might see an opportunity for improvement in the lines of code in any of the different algorithms that make it up and fix it, proposing a change in future versions. Another of the purposes of Bitcoin being an open source project is precisely because, in this way, it is the only one that can work, as it requires the participation of miners and also a node. But at the end of the day, people own these computers, and no one is going to want to install software on their computers if you’re not 100% confident that the code isn’t malicious. In other words, in this way the project was designed to be transparent so that anyone can have the confidence to download that code and install and serve it, either as a miner or as a node in this large network. And finally, we have to mention that what allows an open source project is that there are software developers who can make adjustments to it, to the point of considering different and highly specialized applications. Perhaps the original authors should consider this to be built on technology or based on technology. Fortunately, this is already happening and there are concepts like smart contracts and some other features and innovations that we will review at the end of this article saga.
But for now, let’s mention another very important date, which was exactly January 3, 2009, when Bloco Zero was created, as it is also known as Bloco Genesis.
Another important moment took place in June 2011, as from that moment onwards Wikipedia Wikileaks announced that it would receive bitcoins for donations, drawing a lot of attention to the cryptocurrency. Later there was an event that few considered possible until that moment and that was in 2013 when the value of Bitcoin surpassed 100 dollars for the first time.
So we have that on May 16, 2014 another giant joins the Bitcoin economy. And is that it is announced that Oberst.Com would start receiving visa payments for all purchases made on its website for 2015. We have already generated 14 million units of Bitcoin and the price remains in a stable range for a considerable period of time.
Subsequently, in May 2016, a company made headlines by proclaiming itself the creator of Bitcoin, although it did so to recant a few hours later. Today, in fact, many other relevant events and many more will be added from now on. But for the moment, this is in this brief history of cryptocurrencies, and of course, we ask that you write to us if you are interested in knowing more about these topics.
