Twelve years have passed since the birth of Bitcoin. After reading this article, you will have a general understanding of the exciting historical stories that have taken place every year, taking you into the world of Bitcoin.

　　As everyone knows, the global financial crisis broke out in 2008, and the Federal Reserve urgently injected liquidity into the financial system to stabilize the market, which led to massive inflation and social instability. Bitcoin was born in such a backdrop. Some people believe that Satoshi Nakamoto invented Bitcoin to protest against the inflation caused by the government’s excessive issuance of currency.

　　Satoshi Nakamoto is a geek who was active in the cypherpunk organization in the early days. He started writing Bitcoin in May 2007, registered the bitcoin.org domain in May 2008, publicly announced the white paper in October 2008, and thereafter publicly released the source code. In the following two years, he communicated with many people by email and answered questions that concerned people, including the creator of EOS, BM. During this period, he made several modifications to the Bitcoin code and handed over the Bitcoin project to other members of the core community in November 2010, and he has never appeared again. Satoshi Nakamoto has left very little personal information on the Internet, so his background has become a mystery.

　　Satoshi Nakamoto posted the white paper of the Bitcoin system (a peer-to-peer electronic cash system) in a secret cryptography discussion group on October 31, 2008, New York time. In the white paper, Satoshi Nakamoto fully expounded on the principles of Bitcoin and his views on Online casino and How to find it.

　　Bitcoin is a virtual encrypted lottery in the form of P2P and how to find it. Peer-to-peer transmission means a decentralized payment system. Unlike all other currencies, bitcoin is not issued by a specific monetary institution. It is generated through a specific algorithm and a large amount of computation. The bitcoin economy uses a distributed database consisting of numerous nodes in the entire P2P network to confirm and record all transaction activities, and uses cryptographic design to ensure the security of all links in the currency circulation.

　　Satoshi Nakamoto once said, ‘The fundamental problem of traditional currency comes from what is needed to maintain its operation – trust. People must believe that the central bank will not intentionally devalue the currency, but the history of fiat currency is full of betrayal of this trust. We believe in banks, and banks hold and electronically transfer our money, but banks have been throwing money out through credit bubbles under the partial reserve system. This statement expresses Satoshi Nakamoto’s disappointment with the banking system and credit currency, and the birth of bitcoin followed naturally.

　　In summary, bitcoin is a quasi-currency issuance system, as well as a currency circulation and settlement network. It not only solves the problem of excessive issuance of existing credit currency but also realizes low-cost, quasi-real-time currency settlement.

　　The total amount of bitcoin is fixed, a total of 21 million, and it is expected that the last bitcoin will be mined in 2140, without inflation or excessive issuance. There will also be a moderate deflation. Bitcoin mining uses the POW (Proof of Work) mechanism to maintain consensus, with no middlemen on the circulation network except for miner fees, eliminating multiple intermediate links attached to the existing currency circulation network, and the bitcoin currency circulation and settlement system is quasi-real-time. The decentralized, open, transparent, and secure features of bitcoin are exactly what is lacking in the current financial system, and the supporting technology for these features is blockchain.

　　The underlying technology of bitcoin is blockchain, which is not bitcoin itself. It is hoped that everyone understands this; many people are confused. The history of blockchain is also the history of bitcoin. The following articles roughly describe the development history of bitcoin and the pioneers of the industry that began to appear in this history, the fluctuations of bitcoin prices, policy supervision and influence, etc., hoping to help everyone correctly understand bitcoin and blockchain.

　　October 31, 2008

　　Satoshi Nakamoto’s bitcoin white paper, ‘A Peer-to-Peer Electronic Cash System,’ elaborates on the operation mechanism of bitcoin, opening the curtain of a new era.

　　January 3, 2009

　　On a small server in Helsinki, Finland, Satoshi Nakamoto mined the first batch of 50 bitcoins, known as the Genesis Block.

　　January 12, 2009

　　Satoshi Nakamoto transferred 10 bitcoins to early developer Hal Finney, which was the first bitcoin transaction.

　　2010年5月22日

　　在一个网络论坛上，有一个程序员用 1万枚比特币换了两张棒约翰比萨的代金券，比特币第一次有了一个公允价格：1 万枚比特币价格为 25 美元。为了纪念这一天，每年的 5 月 22 日变成了区块链世界的一个节日——比特币比萨节。

　　2010年7月18日

　　P2P传输网络“电驴”创始人Jed McCaleb 上线了全球第一个比特币在线交易所“Mt.Gox”(门头沟)，一度承担了全球超过70%的比特币交易。半年后转手卖掉，又创建了瑞博Ripple，之后又创建了恒星Steller。

　　2010年07月

　　出现基于GPU显卡挖矿的软件，人们开始使用显卡（GPU）挖矿，比特币的算力第一次迎来质的飞越，原有的CPU挖矿软件近乎失效，比特币进入GPU挖矿时代。

　　2010年sports betting victory and The latest method

　　这一年，活跃于论坛与中本聪互怼的BM，和刚愤怒的删掉魔兽世界的Vitalik开始进入了比特币的世界，这两个重要人物的入场对于几年后区块链的发展格局起到了至关重要的影响。

　　2010年8月15日

　　比特币协议第一次发生重大漏洞，被人恶意生成了1840亿枚比特币然后进行了转账，随后这个非法交易很快被发现并从比特币的日志中擦除从而修补了漏洞。

　　2011年2月9日

　　每个比特币的价格首次达到1美元。此消息被媒体大肆宣扬后引来了许多比特币新用户。此后2个月中，比特币与英镑、巴西币、波兰币的互兑交易平台先后开张。随着交易平台Mt.Gox和暗网丝绸之路的推动，比特币市值最高达到2.06亿美 元，但这一年发生很多恶性事件，市值一度回落online casino help and The latest method。

　　2011年4月23日，

　　中本聪发出了最后的一封邮件，从此消失了。。。

　　2011年6月1日

　　暗网“丝绸之路”开始有大量的非法比特币交易，比特币被作为“官方货币”在暗网中交易毒品、枪支等，并开始与地下黑市交易扯上瓜葛。

　　2011年6月9日

　　杨林科—中国第一个比特币交易网站“比特币中国”上线。

　　2011年6月

　　Mt.Gox门头沟作为承担90%交易的比特币平台承认用户信息泄露，其中包括近6万份的用户名、电子邮件和密码，600人的比特币被盗。

　　然后，有些人获得Mt.Gox的管理员登录权，出售成千上万的假比特币，一时间令其比特币的价格从17.51美元跌至0.01美元。Mt.Gox宣布这些交易取消，并在7天内停止交易。

　　the world’s third-largest Bitcoin trading center Bitomat’s operator announced that the access rights to the wallet.dat file recording 17,000 Bitcoin (equivalent to $220,000) were lost. A series of negative events led to the Bitcoin price beginning to plummet, and by November 2011, the price of a Bitcoin was only $2.

　　In July 2011

　　At the time, the operator of the world’s third-largest Bitcoin trading center Bitomat announced that the access rights to the wallet.dat file recording 17,000 Bitcoin (equivalent to $220,000) were lost. A series of negative events led to the Bitcoin price beginning to plummet, and by November 2011, the price of a Bitcoin was only $2.

　　In August 2011,

　　On August 20, 2011, the Bitcoin trading processing center MyBitcoin announced that it had been hacked and shut down, and more than 78,000 Bitcoin (equivalent to $800,000) went missing afterwards.

　　The first Bitcoin conference was held in New York, at which the price of each Bitcoin was $11.

　　On March 1, 2012, hackers stole 50,000 Bitcoin from a virtual machine.

　　July 1, 2012

　　Wu Jihan appeared on the scene, and the cat claimed on the forum that he could make an ASIC mining machine (mining core). Wu Jihan invested 100,000 yuan and helped the cat raise money, eventually raising 1 million yuan. The cat was also a legendary figure in the early days of the mining machine industry. After the cat disappeared, Wu Jihan did not give up the mining machine industry and later joined Bitmain.

　　November 28, 2012

　　Bitcoin mining rewards saw its first ‘halving’, reducing the reward per block from 50 BTC to 25. The price at the time of halving was about $12, and by December 2013, the price of Bitcoin reached a historical high of $270.94, with a surge of 20 times.

　　January 1, 2013

　　(Pumpkin Zhang), the first to develop an ASIC mining machine and named it ‘Avalon’, but it was not shipped until September, with the first three batches totaling 1,500 units.

　　March 15, 2013

　　The Finnish HTML5 software development company SC5 began to try to pay employees part of their salary in Bitcoin. SC5 used Bittiraha.fi as the Bitcoin service provider and adopted the exchange rate on the day of payment for foreign exchange transactions.

　　March 20, 2013

　　A man in Alberta, Canada, wanted to sell his 3.6-acre house for 405,000 Canadian dollars using Bitcoin, which was equivalent to 6,750 Bitcoin at the time of the transaction.

　　March 16, 2013

　　Cyprus experienced a severe debt crisis, announcing a one-time levy of 6.75% on deposits below 100,000 euros for all depositors in national banks, and a tax of 9.9% for deposits above 100,000 euros. To prevent capital flight, all domestic banks in Cyprus were closed. This event caused a stir worldwide and sparked strong skepticism about the credit guarantee of the state, forcing many to seek new funding channels. Bitcoin once again entered the public eye. On March 5th, the value of Bitcoin was about $40, and by the end of the month, it surged to $92. A week later, it rose to $266.

　　July 30, 2013

　　Thailand took the lead in the world by banning Bitcoin.

　　2013年8月19日

　　德国政府正式承认了比特币的合法货币地位。

　　2013年9月1日

　　李林的火币网和徐明星的okcoin（即OKEX）相继问世，为目前国内三大交易所的二个。

　　2013年10月2日

　　美国FBI正式取缔了著名线下毒品交易网站丝绸之路，该网站29岁的创始人罗斯.乌尔布莱特被逮捕，共有2.6万个比特币被没收。后被叛终身监禁。

　　2013年10月

　　首个比特币ATM机在加拿大温哥华问世。

　　2013年10月28日

　　北京比特大陆科技有限公司成立，由吴忌寒和詹克团联合建立，两个人在业内有很多传奇的事迹，一度引领了矿机行业的发展。

　　比特大陆有矿机、矿池、矿场、交易平台等，绝对是多方位的币圈巨掌。蚂蚁矿池，BTC.com矿池都隶属比特大陆，甚至江卓尔的BTC.top矿池和的Viabtc矿池都和比特大陆紧密相关。这四家矿池的算力超过了总算力的50%。

　　国内目前活跃的矿机厂商包括主要有三家，分别是比特大陆、嘉楠耘智、亿邦国际，三者的市场份额加起来超过全球矿机市场总额的80%。

　　2013年11月29日

　　比特币在热门比特币交易所门头沟Mt.Gox的交易价格创下1242美元的历史新高，而同时黄金价格为一盎司1241.98美元，比特币价格首次超过黄金。

　　2013年12月5日

　　中国央行明确了比特币不是货币，比特币快速大跌至1000美元附近，随后一段时间比特币继续大跌，一度跌至500美元以下。

　　2014年2月

　　1月至2月，Mt.Gox比特币交易所遇到了前所未有的危机，这一平台上有744408个比特币丢失。2月10日上午10点，比特币价格闪电般跌至102美元，跌幅80%。当天下午，Mt.Gox发布声明表示，比特币挖矿和协议机制存在根本缺陷，因此出现用户故障、提现延时和失败的情况。2月25日，Mt.Gox因无法弥补客户损失而申请破产保护。之后比特币开始了漫长的价格低位调整，于2015年开始缓慢上涨。

　　2014年5月

　　美国的DishNetwork公司宣布支持比特币支付。

　　2014年7月

　　美国的DELL公司宣布支持比特币支付。

　　2014年7月24日

　　四年前，VitalikButerin删除了他的魔兽世界，开始撰写关于比特币的文章赚取稿费，19岁的他开发了项目开始进行预售，并募集到了31529个比特币，按当时的市值约1800万美元。

　　September 2014

　　The American company eBay announced that its payment subsidiary, Braintree, could accept Bitcoin transactions.

　　December 2014

　　The American company Microsoft announced its support for Bitcoin payments.

　　2015

　　IBM announced its participation in the Open Ledger Project.

　　January 2015

　　Coinbase exchange completed its C round of financing of 75 million US dollars, with BBVA (Banco Bilbao Vizcaya Argentaria) participating in the C round through its subsidiary, making it a compliant exchange in the United States.

　　The eve of Christmas 2016

　　The British Channel Islands officially approved the application of Global Advisors’ Bitcoin Investment Fund (GABI). Thus, the world’s first regulated Bitcoin fund was officially launched. GABI was established as early as 2014 and began to be regulated by European institutions the same year, but it has never had real legal effect. Combined with the issuance of the ‘first Bitcoin trading tool (ETI)’ at the beginning of the year, legal Bitcoin will quickly enter the视野 of ordinary people.

　　February 2016

　　Industry leaders in the Bitcoin industry gathered at the Hong Kong Science Park to reach important consensus on the next technical development of Bitcoin and blockchain, such as ‘segregated witness soft/hard fork’ and ‘blockchain expansion’.

　　With the formal release of BitcoinCore 0.13.1 version at the end of October, the next step of Bitcoin – whether it is ‘segregated witness’ or ‘block expansion’ – officially entered a heated debate. The views of major companies and miners were different, and they were at a stalemate.

　　May 17, 2016

　　The Imtoken wallet was officially established in a cubicle office building next to the seventh hospital of Hangzhou Mental Hospital. Who would have thought that just a few years later, they would have developed into the world’s largest multi-chain wallet.

　　June 2016

　　The Ethereum smart crowdfunding project The DAO was hacked, and Ethereum faced a major crisis. There were significant divisions within the community, and finally, a hard fork was carried out, forming two chains, the original chain (ETC) and the forked chain (ETH).

　　July 2016

　　Bitcoin experienced its second ‘halving’, with the mining reward dropping from 25 btc to 12.5 btc. The price around the halving was about 650 US dollars, and by the middle of December 2017, the price of Bitcoin reached a peak of 20,074 US dollars, with an increase of nearly 30 times.

　　April 1, 2017

　　The Japanese government recognized Bitcoin as a legal means of payment and upgraded the KYC process for exchanges.

　　April 2017

　　Byte Master (BM) founded BlockOne Company and announced the new project EOS, raising 4 billion US dollars in one year.

　　2017年7月

　　赵长鹏创办的币安交易所上线，并在94后迅速成长为全球最大的lottery and How to find it 交易平台。

　　2017年8月1日

　　在比特币原有的主链上，因为前期扩容问题纷争，由比特大陆的吴忌寒主导，最后硬分叉产生了新货币比特币现金()，即BCH（业内也称太子币）。

　　In July 2017

　　The Binance exchange founded by Zhao Changpeng was launched and quickly grew into the world’s largest lottery and How to find it trading platform after the 94 event.

　　On August 1, 2017, the Bitcoin Cash (BCH, also known as the Crown Prince coin in the industry) was hard-forked from the original Bitcoin main chain due to disputes over early expansion issues, led by Wu Jihan of Bitmain.

　　On September 4, 2017, an IPFS protocol号称to replace the HTTP protocol issued a highly anticipated super ICO-filecoin, raising $257 million in 30 minutes, with YC incubator Sequoia Capital and other institutions participating in early investments.

　　On December 11, 2017, the People’s Bank of China and seven other ministries issued an announcement on preventing the risks of token issuance and financing, requiring domestic exchanges to close all by the end of October, which is known as the ’94 Incident’. This incident caused a short-term drop in Bitcoin prices. However, Bitcoin’s vitality was not undermined, and instead, we saw the price of Bitcoin soar after this, reaching nearly $20,000 per coin, close to the historical high.

　　The Chicago Options Exchange officially listed Bitcoin futures, with the first trading day experiencing a surge of over 20% in intraday trading, triggering the circuit breaker mechanism twice during the trading day.

　　In 2017, the year of the concentrated outbreak of token fundraising, there were more projects than ever using Ethereum smart contracts to issue tokens, but most of them became ‘money-raising’ garbage projects.

　　May 27, 2018

　　Fcoin emerged suddenly, and its trading mining dividend model attracted a huge flow of traffic. In just half a month after launch, the daily trading volume exceeded that of Binance, Huobi, and others combined. However, the good times did not last long, and the Fcoin exchange was completely terminated with the ‘Truth Announcement’ on February 17, 2020.

　　The road to hell is paved with good intentions

　　September 2018

　　The world’s top three mining machine manufacturers, Bitmain, Canaan Creative, and Ebang International, successively submitted prospectuses to the Hong Kong Stock Exchange.

　　October 10, 2018

　　The Hurun Rich List 2018 was released, with 14 industry tycoons including Jiang Chengtuan, Wu Jihan, Zhao Changpeng, Xu Xingming, and Li Xiaolai listed.

　　November 6, 2018

　　The world’s first top-level domain .luxe with multi-chain resolution was launched and officially listed on the London exchange.

　　2018

　　As regulations in various countries gradually improve, blockchain is slowly detaching from Bitcoin.

　　January 28, 2019

　　With the successful debut of the BTT project on Binance, which was a great start, the IEO game was warmly welcomed, and then major exchanges began to follow suit, launching IEO projects, making the trend rise rapidly.

　　February 14, 2019

　　J.P. Morgan announces the launch of its cryptocurrency JPM Coin for instant settlement of payment transactions between customers.

　　2019年5月8日

　　May 8, 2019

　　Binance was hacked and lost 7,000 coins, and Binance announced that it would use the ‘SAFU fund’ to bear all the losses from this incident.

　　June 18, 2019

　　Facebook issued a global lottery and How to find it cryptocurrency, the Libra stablecoin white paper.

　　August 10, 2019

　　The People’s Bank of China officially announced the digital currency lottery and How to find it DC/EP.

　　September 23, 2019

　　The parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), officially launched physical settlement Bitcoin (BTC) futures trading through Bakkt, which means that the US regulatory authorities recognize the encrypted lottery and How to find it.

　　October 24, 2019

　　November 18, 2019, the Political Bureau of the Central Committee of the Communist Party of China held the eighteenth collective study on the current situation and trends of blockchain technology development. In addition, Shenzhen was designated as a lottery and How to find it pilot city. We will accelerate the innovation and development of blockchain technology and the industry by taking blockchain as an important breakthrough in core technology independent innovation.

　　The Focus Interview program focused on the phenomenon of setting up scams in the name of ‘blockchain’, and a new round of regulatory storm is approaching, with many exchanges being rectified and official microblogs being closed.

　　November 21, 2019

　　Canaan Creative (Canaan Technology, trading code: CAN) was officially listed on the NASDAQ, becoming the world’s first blockchain stock.

　　February 2, 2020

　　Fighting the epidemic, nearly 20 blockchain companies have cumulatively donated over 60 million yuan.

　　February 20, 2020

　　The Ministry of Industry and Information Technology issued the training program for blockchain talents and the evaluation institutions for talents.

　　March 12, 2020

　　At the beginning of 2020, under the sustained impact and fermentation of the outbreak of the new coronavirus, the oil crisis and other aspects, on the two days of 312,313 (Black Thursday), the total market value of lottery and How to find it fell by more than 50%.

　　Bitcoin’s two-day decline exceeded 70%, which can be said to be a rare epic collapse in years.

　　But in the following one or two months, under the favorable period of Bitcoin’s upcoming halving, Bitcoin made a V-shaped reversal and returned to the price before the sharp decline, showing the vitality of Bitcoin as a big cake as always.

　　May 12, 2020

　　Bitcoin has ushered in its third ‘halving’ event, with the mining reward reduced from 12.5 to 6.25, making mining increasingly difficult.

　　The fascinating ups and downs of Bitcoin’s past are just the tip of the iceberg here, and I believe there will be even more exciting stories waiting for us to witness in the future.