It didn’t happen
all at once.
An idea became software. Software became a network. Follow the experiments, setbacks, and turning points through the evidence they left behind.
14 documented milestones
- 2008
The Bitcoin White Paper
A nine-page proposal, announced on October 31, 2008, set out a peer-to-peer electronic cash system.
- 2009
The Genesis Block
On January 3, 2009, Bitcoin’s first block recorded a newspaper headline. Here is what its data tells us—and what it does not.
- 2009
The First Bitcoin Software Release
On January 8, 2009 UTC, Satoshi announced Bitcoin v0.1: experimental software people could actually run.
- 2009
The First Bitcoin Transfer
A ten-bitcoin test payment, an early collaborator, and the difference between ledger data and personal testimony.
- 2010
Bitcoin Pizza Day
In May 2010, a public forum offer turned 10,000 bitcoin into two pizzas—and left a record anyone can read.
- 2010
The Bitcoin Faucet
In June 2010, Gavin Andresen offered free bitcoin so more people could try the software.
- 2012
Bitcoin’s First Halving
At block 210,000 on November 28, 2012, Bitcoin’s permitted block subsidy fell from 50 BTC to 25 BTC.
- 2013
The March 2013 Chain Split
A database compatibility problem caused Bitcoin software versions to disagree about a block at height 225,430.
- 2013
Silk Road and Bitcoin’s Public Ledger
The marketplace, its 2013 closure, and the distinction between pseudonymous payments and anonymity.
- 2014
The Collapse of Mt. Gox
The exchange’s February 2014 failure exposed the gap between a customer balance and control of bitcoin.
- 2017
SegWit Activation
At block 481,824 in August 2017, new witness rules changed Bitcoin’s transaction format and capacity accounting.
- 2021
Taproot Activation
Bitcoin’s November 2021 upgrade introduced new spending paths built around Schnorr signatures and script commitments.
- 2024
The U.S. Spot Bitcoin ETP Approvals
On January 10, 2024, the SEC approved exchange rule changes allowing spot bitcoin investment products to list and trade.
- 2024
The Fourth Bitcoin Halving
At block 840,000 in April 2024, Bitcoin’s permitted block subsidy fell from 6.25 to 3.125 BTC.
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