Although the paths of BSV and ABC’s BCH now seem to be pretty clear, the story of Bitcoin is far from over. With more businesses coming on board and new use cases proving its utility every day, there’s a bright future for Bitcoin SV.
BTC was already suffering from its inability to recognize how large block sizes could work on the blockchain, resulting in the birth of Bitcoin Cash (BCH)—but even this wasn’t an ideal solution and ultimately resulted in the second death of Bitcoin.
In 2016, cryptocurrency really started to gain attention on a global level. It was also the beginning of a split for Ethereum, as well as one of the darker sides of the Bitcoin ecosystem—the initial coin offering.
Adoption was the theme of the 2014, and the signs showed as early as January when Blockchain.info revealed that it had surpassed 1 million Bitcoin wallets.
As Bitcoin continued to gain recognition since the first block of the cryptocurrency was established in 2009, it saw its ups and downs, just like any new innovation.
2011 was a landmark year in the life of Bitcoin, for more reasons than one. The first significant event took place in January that year when block 105,000 was mined.
Looking back at what happened in 2010, it’s not difficult to find a few key activities that shaped how the cryptocurrency would start to be received as people tried to understand the technology.
Bitcoin transitioned from a mere whitepaper into something tangible when Satoshi Nakomoto produced what is known as the "Genesis" block of Bitcoin on January 3, 2009.
October 31, 2008 will forever hold a special place in the history of Bitcoin, for it was on that date that Satoshi Nakamoto announced the publication of the Bitcoin whitepaper.