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When Was Bitcoin Created?

Over 2017 and 2018 Bitcoin has become very widely known, some calling it the next generation of money and others calling it a scam. But Bitcoin isn't new, its software was first released in January 2009.

Below we explain when various aspects of Bitcoin were created, and other key events in its adoption.

Timeline of important Bitcoin events

18th August 2008: Domain registered

This is the date when the domain was first registered by Bitcoin's first two developers, Satoshi Nakamoto and Martti Malmi. Ownership was later given to additional people when Nakamoto left the project (he disappeared in 2010), and today the website is developed open source.

31st October 2008: Whitepaper

This is the date when Bitcoin's creator Satoshi Nakamoto first shared the Bitcoin white paper, titled: "Bitcoin: A Peer-to-Peer Electronic Cash System" via a cryptography mailing list. The software for it wasn't released at this point, just the whitepaper (the document describing the goal of Bitcoin and how it would work).

3rd January 2009: Bitcoin's Genesis Block Created

On this date the Bitcoin software was first released on Sourceforge, and Satoshi Nakamoto mined the first block (called the Genesis Block). In this block he embedded the text The Times 03/Jan/2009 Chancellor on brink of second bailout for banks, this provided proof of when the block was created and his opinion on banking at that time.

12th January 2009: First Bitcoin transaction

This is when the first Bitcoin transaction was completed, where a cypherpunk called Hal Finney downloaded the Bitcoin software and received 10 Bitcoins from Satoshi Nakamoto. A cypherpunk is an activist for widespread adoption of cryptography and privacy-enhancing technologies.

February 2011

Bitcoin started being accepted as the exclusive payment method on the black market website Silk Road, with $214M being transacted during its 30 months of existence. This led to a stigma around Bitcoin, many scared to touch it because of its association with this and other black market websites.

17th December 2017

Bitcoin reached an all-time high of $19,666. At this point Bitcoin isn't widely adopted yet, but many millions of people own and trade it and large companies are starting to get involved with the idea behind it, so a lot of the earlier stigma has been overcome.

DISCLAIMER: This site cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Bitcoin Kit is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas presented are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.

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