History of Bitcoin---> The world's first decentralized currency. (Part 2- Year 2010)

in bitcoin •  7 years ago 

Hope You all have read the first part of the series History of BitCoin--> The world's first decentralized currency.

Let's go the series of events that occur during 2010 in the history of BitCoin.

February 6, 2010, The Bitcoin Market is established by dwdollar as a Bitcoin currency exchange.
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February 18, 2010, The encryption patent application that was filed on August 15, 2008, by Neal Kin, Vladimir Oksman, and Charles Bry was published.

May 22, 2010, 10,000 BTC spent on pizza, The first, real-world transaction using Bitcoins takes place when a Jacksonville, Florida programmer, Laszlo Hanyecz, offers to pay 10,000 Bitcoins for a pizza on the Bitcoin Forum. At the time, the exchange rate put the purchase price for the pizza at around US$25.
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July 7, 2010, Version 0.3 of Bitcoin is released.

July 11, 2010, Mention of Bitcoin v0.3 on slashdot brings in a large number of new Bitcoin users.

July 12, 2010, Over a five day period beginning on July 12, the exchange value of Bitcoin increases ten times from US$0.008/BTC to US$0.080/BTC.

July 17, 2010, The MtGox Bitcoin currency exchange market is established by Jed McCaleb.
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July 18, 2010, ArtForz establishes an OpenGL GPU hash farm and generates his first Bitcoin block.
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August 15, 2010, A vulnerability in the Bitcoin system that causes Bitcoins to be improperly verified is discovered and exploited, resulting in the generation of 184 billion Bitcoins.

September 14, 2010, An offer is made by jgarzik, in the name of the Bitcoin Store, to puddinpop to open source their Windows-based CUDA client. The offer was in the form of 10,000 BTC which, at the time, was valued at around US$600 to US$650.

September 14, 2010, Split allocation of the generation reward used to mine Block 79,764.

September 18, 2010, Under the MIT license, puddinpop releases the source of their Windows-based CUDA client, open sourced by the Bitcoin Store, following a contribution by jgarzik.
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September 18, 2010, Bitcoin Pooled Mining (operated by slush), a method by which several users work collectively to mine Bitcoins and share in the benefits, mines its first block.

September 29, 2010, A microtransactions exploit is discovered by kermit, precipitating the release of Version 0.3.13.

October 2010, The Financial Action Task Force, an inter-governmental group that develops and promotes policies to prevent money laundering and funding of terrorists, publishes Money Laundering Using New Payment Methods, to warn about the use of digital currencies to finance terrorist groups.
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October 2010, The first public version of an OpenCL miner is released.
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October 7, 2010, The Bitcoin exchange rate, stalled at US$0.06/BTC for several months, begins to climb.

October 10, 2010, MtGox changes its main funding option from PayPal to Liberty Reserve.

October 16, 2010, Bitcoin Forum members Diablo-D3 and nanotube conduct the first recorded escrow trade of Bitcoins with theymos as escrow.

October 17, 2010, The #bitcoin-otc trading channel is registered on freenode IRC as a marketplace for over-the-counter trading of Bitcoins.

October 28, 2010, Facilitated by #bitcoin-otc, the first recorded short sale of Bitcoins is initiated in the form of a 100 BTC loan from nanotube to kiba.

November 6, 2010, Calculated by multiplying the number of Bitcoins in circulation by the last trade on MtGox, the Bitcoin economy exceeds US$1 million. The price on MtGox reached US$0.50/BTC.

December 7, 2010, Bitcoin Forum member doublec compiles Bitcoind, which was written for the Nokia N900 mobile computer.

December 8, 2010, The first portable-to-portable transaction of Bitcoins occurs when ribuck sends doublec 0.42 BTC using Bitcoind.

December 9, 2010, The first call option contract for Bitcoins is sold on the #bitcoin-otc market. The transaction occurs between nanotube and sgomick.

December 9, 2010, The generation difficulty exceeds 10,000.

Thanks for reading!

Stay tunned for further updates on the series.

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