👉THE HODL DAYIts truly iconic how bitcoin influenced and changed peoples lifes not only in the world but also here on the bitcointalk forum.
The hodl day is an iconic day on bitcoin history, when one of this forum member made a post with the tittle "I AM HODLING" on 18th December, 2013 to explain why despite the falling prices, the news surrounding bitcoin and social media, he would still hold his bitcoin and also encouraged others to do so, expressing his faith in bitcoins long term potential. I also thank this forum personally for the thread "BUY THE DIP AND HODL" for it has taught me a lot on how to accumulate bitcoin and u think everyone should be active on the thread.
https://bitcointalk.org/index.php?topic=5132720.msg63113742#msg63113742Link to the thread above.
The hold Day post
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://bitcointalk.org/index.php%3Ftopic%3D375643.0&ved=2ahUKEwjfj8fhzdaDAxXVX0EAHaiaBE8QFnoECB4QAQ&usg=AOvVaw0uiq_vcm5UO2y0QDss_6aj👉MT. GOX FILES FOR BANKRUPTCY ON 25TH FEB, 2014.After losing 850,000 bitcoins valued about $450 million due to hacking. Mt. Hox filled for Bankruptcy cause they couldn't recover the stolen asset neither could they repay their creditors. The process lasted for years and they sold off some of their own asset to pay off, but despite all endeavors the mo ey stolen was to much to repay. Even till date there are creditors still awaiting refund.
To know more about mt gox history
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.investopedia.com/terms/m/mt-gox.asp&ved=2ahUKEwj5_97-zdaDAxVXTEEAHfeIDooQFnoECBwQAQ&usg=AOvVaw3GMsdnA7YXAK2PD5nRyymx👉LIQUID LUNCHES ON OCT 12TH, 2015.The launch of liquid was a real development to the crypto space. On Oct 12th, 2015 liquid also known as or reffered to as bitcoins sidechain and layer, introduced an innovation that would enhance bitcoins functionality and versatility, addressing some of the limitations in the bitcoin blockchain.
The developers behind this innovation was blockstream, a blockchain technology company, and they designed the liquid chain to run separate from the blockchain, running in parallel to the bitcoin network, they aimed at providing a faster and more confidential transaction compared to the main bitcoin blockchain. One of the primary objectives was to allow effective transfer of assets between exchanges. This also brought about the introduction of federated pegs that allowed movement of assets between bitcoin blockchain and liquid sidechain in a way that maintain a level of decentralization and security.
Liquid was really an innovative technology in the evolution of blockchain technologies and provided a solution for faster and more private transactions which generally contributed to the maturity of crypto currency market and infrastructure.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://blockstream.com/liquid/&ved=2ahUKEwjUn-eXztaDAxU4TEEAHXSmCXoQFnoECB8QAQ&usg=AOvVaw0nbC-h8T9BGy1QsLK7XWs7👉OFFICIAL REALESE OF THE LIGHTING NETWORK WHITEPAPER.On Jan 14th, 2016 Joseph poon and thaddeus dryja published the lightning network whitepaper. The lightning network was intended to speed up transaction time and present a scaling solution to bitcoin layer 1 and it also introduced the concept of off chain transactions as a solution to ease congestion on the bitcoin blockchain.
👉FIRST LIGHTING PAYMENT.After the publication of the lightning whitepaper. The first transaction payment occurs when developer ACINQ successfully completes a test transaction on lightning network, the transaction is for o.ooo1 LTC(LITECOIN) and was sent from Zurich Switzerland to San Francisco california on May 10th 2017.
👉BITCOIN CASH HARD FORK.A dispute that happened among the members of the bitcoin community over the future of the crypto currency was said to have caused the invention of a new crypto currency with hard fork. The community was divided into two groups since they couldn't come to single agreement, one group proposed a soft fork as a solution to bitcoin problems whilst the other proposed a hard fork. They group that closed the soft work created the segregated witness(segwit), a group of miners and developers decided on a hard fork of bitcoin that leads to the creation of a new crypto currency BITCOIN CASH (BCH). this new coin was designed to offer faster transactions times fees than the original BTC.
The main difference between bitcoin and bitcoin cash is their block size limit. Bitcoin had a block size limit of 1mb initially before segwit upgraded it to 4mb, while bitcoin cash has a block size limit of 32mb. The larger the block size allows more transactions to be processed per block, which avoids congestion and leads to faster transaction speed and low fees.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.kraken.com/learn/what-are-blockchain-hard-forks-soft-forks%23:~:text%3DThese%2520two%2520types%2520of%2520forks,forks%2520introduce%2520backward%252Dcompatible%2520changes.&ved=2ahUKEwi-o6rWz9aDAxX0T0EAHdZVCMgQFnoECA8QBQ&usg=AOvVaw3Ek-ywXg9xlw81UXbeoKbc👉SEGWIT ACTIVATION DAY Segwit is activated on August 24, 2017 at 1:57 utc at block height 481,824 which I don't know what this means 😅. This group aimed at addressing several long standing issues that limited bitcoin such as transaction malieability and scalability. As bitcoin continued to grow adoption, scalability became a problem because of bitcoins original block size which was 1mb and this lead to high transaction fees and slower transaction speed especially during network congestion, this was a result of the restrictions of the number of transactions processed within each block .
Segwits proposition to this was to increase the capacity of the blockchain by separating transaction data from the digital signatures, thus allowing more of them to fit within a single block and increasing the networks throughput. This also lead to several improvements to bitcoins security, making it more resilient to certain types of attacks. This day marked an immediate relief of scalability issues that long plagued the blockchain, with the only other alternative was to create a new crypto currency as done by the hard fork group. Thanks to the segwit group bitcoin is still alive.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.kraken.com/learn/what-is-segregated-witness-segwit&ved=2ahUKEwjbvsiwz9aDAxU8XEEAHWBEB0QQFnoECDIQAQ&usg=AOvVaw2whmVxSvgNgJGdBOzh_LxK👉 RSK LAUNCHED ITS FULL-FEATURED MAIN-NET NETWORK(IOVLABS) ON JAN 1, 2018. on Jan 1, 2018 the addition of smart Contracts with bitcoin was introduced a feature that was unavailable on its blockchain. Smart contracts brought new featuresto the table for bitcoin, which could help tokenization of assets, supply chain management, even defi.
The introduction of smart contracts by ivolabs gave bitcoin an edge to compete with other platforms like Ethereum. One of the key features of RSK( also known as smart bitcoin introduced by rootstock is a turning-complete smart contract platform that is merge-mined with bitcoin, leveraging on its security while enabling smart contract execution on bitcoins blockchain) was its compatability with the Ethereum virtual machine, allowing developers to use solidity( solidity is a programming language for ETH smart contract).
👉BITCOIN HALVING EVENT MAY 2020 After this third halving event, mining rewards was cut from 12.5 btc to 6.25 btc bitcoin per block. It occurs at block 630,000.
👉STACKS BITCOIN LAYER LAUNCHED ON JANUARY 2021.The stacks project was originally known as block as block stack and Co-created by trust machines ceo muneeb Ali and Ryan shea. They featured a new programming language CLARITY and consensus mechanism known as proff of transfer (POX). They also advanced the execution of smart Contracts on bitcoin blockchain with other additional use cases for bitcoin like nfts etc.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://trustmachines.co/learn/what-is-stacks/&ved=2ahUKEwjVg5Hpz9aDAxU_UUEAHWYtBqAQFnoECB4QAQ&usg=AOvVaw38o194juuykuA8OHtTZ41m👉BITCOIN HITS $1 TRILLION MARKETCAP On Feb 19th, 2021 the price of bitcoin really he's $54,000 taking its marketcap to 1 trillion. This event shows how much investors favour bitcoin and also its adoption in recent years.
👉BITCOIN BECOMES A LEGAL TENDER IN EL SALVADOR.Bitcoins implementation in EL SALVADOR would forever be a part of bitcoins history as president nayib bakele of el salvador declare bitcoin a legal tender as a solution to reduce the cost associated with remittances. Bitcoin has really grown from just a digital a digital asset or a store of value, counties now see bitcoin as a solution to economy issues as envisioned by satoshi.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.hbs.edu/faculty/Pages/item.aspx%3Fnum%3D62068&ved=2ahUKEwiy3qD-0NaDAxUNZ0EAHVDEBbQQFnoECB8QAQ&usg=AOvVaw1GwkfCiftSeUHagQTNG4Xj👉FIRST BITCOIN ETF, BITCOIN STRATEGY FUND (BITO) BEGINS TRADING ON OCT 19TH, 2021.The Taproot upgrade is one of bitcoins largest advancement since segwit activation. It was designed to enhance privacy, flexibility and security of bitcoins transactions by introducing some new features with one their major to be the combing of multiple transactions script into one, enhancing privacy and security for bitcoin transactions. Shnorr signature and smart contract improvements were also added in this upgrade.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.proshares.com/fund-highlights/bito&ved=2ahUKEwiQhYzi0NaDAxWtQkEAHSciBjwQFnoECCkQAQ&usg=AOvVaw38l0TimuDsUxum7yYoZyb8To know more about BITO
👉ORDINALS PROTOCOL LAUNCHED JAN 21ST, 2023During early 2023, casey rodarmar launches the ordinal protocol on bitcoin. Rodarmar protocol effectively allowed unique number ls to be assigned to each satoshi( The smallest unit in a single bitcoin) which 3nabl3 anyone to track individuals Sats. This unique feature also allowed users to create digital artifacts and nfts by ascribing content and data to each satoshi as well. In short users could create their own NFTS directly on the bitcoin blockchain itself.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.investopedia.com/what-are-bitcoin-ordinals-7486436&ved=2ahUKEwjp8LmD0NaDAxVtTkEAHWmbCAEQFnoECBsQAQ&usg=AOvVaw20hITF8eHfWH-XUMa59xq7To more about ordinal protocol
👉TAPROOT WIZARDS LAUNCHES LARGEST ITEM TO USE THE 4MB BLOCKSPACE. After segwits increased the 1mb blocksize to 4mb allowing more transactions to be run simultaneously on same block. A taproot wizard ordinal inscription becomes the largest block and transaction in bitcoin history on Feb 1st, 2023.
👉BRC-20 TOKEN STANDARD LAUNCHES White demo was experimenting to implement ordinals theory to facilitate the fungibility of tokens directly on the bitcoin blockchain. Demo creates and launch brc-20 standards on March 8th, 2023
👉BITCOIN STAMPS LAUNCHED ON APRIL 6TH, 2023 This innovation allowed users to mint semi-fungible token and digital collectibles using the counter protocol. These stamps are stored directly on BITCOINs UTXOs which differed from ordinals.
This was the third development that shows the expanding interest of developers on the bitcoin blockchain network.
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.samara-ag.com/market-insights/bitcoin-stamps-src20-tokens&ved=2ahUKEwjU_b200NaDAxVNTkEAHWNrBBQQFnoECBgQAQ&usg=AOvVaw1cyNewkOTXvnMKnY9SKB8rTo know more about bitcoinstamps
Link to read from my main source
https://trustmachines.co/bitcoin-history/https://academy.bit2me.com/en/eventos-bitcoin/[/size]