Short History of Bitcoin

Bitcoin is the first decentralized digital currency with the nickname Satoshi Nakamoto, the first distributed structure developed by developers or developers. Nick Szabo's Bitgold and Wei Dai's b-money have a limited supply of digital crypto-money projects that existed before Bitcoin, which were thought to inspire developers or developers when developing Bitcoin. Working principles such as Proof-of-Work, developed by Hal Finney and used in the development of a more advanced version of Bitcoin, were developed before Bitcoin and used in Bitcoin technology. Developed by Satoshi Nakamoto in this respect, Bitcoin is a project developed and inspired by different projects and technologies.





The first public data for which Bitcoin is mentioned is the purchase of the bitcoin.org domain on August 18, 2008. This is the oldest history we can go to in the historical development of Bitcoin. On October 31, 2008, the famous Bitcoin article named Bitcoin.pdf, in which the author was named Satoshi Nakamoto, via a closed mail group called 'cryptography mailing list', 'Bitcoin: A Peer-to-Peer Electronic Cash System' System) has been released.



The Bitcoin article describes what Bitcoin is, its technology, operating system and other technical features. In the article, under the name Satoshi Nakamoto, an e-mail address satoshin@gmx.com is provided. You can access the article at https://bitcoin.org/bitcoin.pdf. On November 9, 2008, the Bitcoin project was posted on SourgeForge.net, where open source projects were saved and uploaded to other users.



By 2009, Bitcoin's Blockchain network became available and the first open source Bitcoin wallet application was released. In the Bitcoin network, the so-called mining activity, the operating system and computing power of computers, and the Bitcoin production activity were first performed by Satoshi Nakamoto. The first block created in the Bitcoin network is called esis Genesis Block ‘. 50 Satoshi Nakamoto recorded a message on the first bitcoin block, which is named differently in the form of Bit Block 0 ’or‘ Block 1 lü. The message is başlık Chancellor on brink of second bailout for banks, ’published in The Times on 3 January 2009. It is estimated that Nakamoto left such a message to prove the date of manufacture of the first block.



After Bitcoin's blockchain network was launched, the first bitcoin transaction took place on 12 January 2009 between Satoshi Nakamoto and Hal Finney. Nakamoto sent 10 Bitcoins to Finney. Thus, Hall Finney became the first recipient and supporter of Bitcoin. On 5 October 2009, for the first time, the new Liberty Standard exchange rate was granted to Bitcoin. The exchange rate set by the New Liberty Standard is 1,309.03 Bitcoin versus 1 USD.



By May 22, 2010, the first real goods were exchanged with Bitcoin. Laszio Hanyecz from BitcoinTalk has purchased 2 pizzas for 10,000 Bitcoins. Recorded as the first online Bitcoin exchange. On 11 July 2010, Bitcoin was mentioned on the news website slashdot.org and there was a rapid increase in the number of Bitcoin users. On 12 July 2010, Bitcoin / Dollar exchange rate increased by 10 times and Bitcoin increased from $ 0.008 to $ 0.08.





On July 17, 2010, the first Bitcoin exchange, MtGox, was launched. On October 1, 2010, the first mining initiative ‘Open CL’ was established. On 9 February 2011, 1 Bitcoin reached 1 USD. On 10 February 2011, Bitcoin was mentioned in Slashdot and Hacker News, and many users were able to access bitcoin.org. On March 22, 2011, a video titled ‘What is Bitcoin tarafından was published by WeUseCoins. The video quickly became viral and reached 8 million people. As of March 2011, the number of Bitcoin exchanges started to increase rapidly and started to be sold in currencies such as Bitcoin, Euro and Sterling.



By April 23, 2011, Bitcoin reached a market volume of US $ 10 million. On June 22, 2011, the first mobile application for iPad iP Bitcoins Mobile ’was developed. The first Bitcoin conference was held on 20 August 2011 at the World Expo in New York. In September 2011, ik Bitcoin Magazine dergi was published by Vitalik Buterin. On 27 September 2012, the ‘Bitcoin Foundation kurul was established. The Bitcoin Foundation has made significant efforts to adopt, standardize, and support the open source protocol.



Since 2012, a number of Bitcoin and crypto currency exchanges have been established, indexed at different rates. Using and developing Bitcoin's open source technology, new crypto currencies have emerged. There has been a significant increase in the number of Bitcoin-related activities. As Bitcoin's market volume reached $ 1 billion on March 28, 2013, Bitcoin began to attract the attention of institutional investors and governments, and states began to make legal arrangements such as prohibition or taxation on Bitcoin.





On 28 January 2014, the Vice President of the Bitcoin Foundation was arrested for money laundering and Bitcoin's price fell sharply. In December 2014, Microsoft accepted Bitcoin for the sale of Xbox games and Windows software. In February 2015, Bitcoin's value reached 262 USD. In March 2016, Japan adopted Bitcoin as a legal currency. Since 2017, the adoption of Bitcoin as a legal currency by regulatory financial institutions and lawyers has accelerated and with the increase in market volume, Bitcoin's value has increased up to $ 20,000. By the end of 2017 and the first months of 2018, as a result of users' intensive Bitcoin sales, Bitcoin dropped to 3,000 USD. As of September 7, 2019, when this article was written, according to Barimeks Bitcoin fiyat grafiği data, Bitcoin is approximately 60,000 Turkish Liras ($10,500).





Original of this article prepared by Barimeks Bitcoin Borsası, which is Turkey's new inovative crypto exchange, and can be found at this link Bitcoin’in Kısa Tarihi.