David Chaum proposes first block-chain-like Protocol
David Chaum writes about the blockchain idea in his dissertation “Computer Systems Established, Maintained, and Trusted by Mutually Suspicious Groups.”
Scott Stornetta and Stuart Haber Introduce the concept of Blockchain
Stronetta and Haver introduce securing of chained blocks quickly followed by the introduction of Merkle trees into the design.
Satoshi Nakamoto conceptualizes bitcoin
Bitcoin.org is registered in August of 2008 and Satoshi releases a paper titled “Bitcoin: a peer-to-peer electronic cash system” in October
Bitcoin Genesis Block
As a response to the instability of reserve banking, Satashi mines the starting block of Bitcoin known as teh Genesis block. embedded within the block was the text: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”
Laszlo Hanyecz Buys Pizza for ₿10,000
In what may result in the most expensive pizza purchase of all time, Hanyecz purchases two Papa John’s pizzas for ₿10,000. This is the first known commercial transaction using bitcoin. In early 2021 dollars this would be ~$380 million.
The Black Market
Silk Road gains traction as users leverage Bitcoin for black market purchases. Bitcoin peaks to around ~$30 in june.
A Brief History of NFT Art
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