Top 5: Memorable events to celebrate in the crypto world

We’re making history. The crypto world was born with Bitcoin (BTC) barely twelve years ago, but there are more events to add. Everything started with small steps, and here we are now, with over 9,990 cryptocurrencies in existence [CoinMarketCap], over 4,166 crypto-companies worldwide [Crunchbase], and over 22,270 venues accepting cryptos, only according to CoinMap. There are many more outside.

Bitcoin and cryptocurrencies are already mainstream, against all odds. But, long before that could happen, some important events developed. They were all steps into the path of glory and led the way to a massive usage. That’s why we can celebrate some of them now. Let’s discover it.

Genesis block

The mining of block 0 got a reward of 50 BTC with a difficulty of just 1, and a single transaction of 50 BTC too. This, against the current difficulty: for example, a block mined on May 20, 2021, has a difficulty of 25,046,487,590,083.27 and 1,777 transactions. The reward for the miner might seem less after the halvings (6.25 BTC), but the truth is Bitcoin is far more valuable today than in the beginning.

Original headline in The Times. Source: Taras / Bitcoin Wiki

Additionally, this block has a secret inside, written in hex code by Satoshi Nakamoto himself. Once deciphered, we can see it’s a very timing headline from the British Newspaper The Times: “Chancellor on brink of second bailout for banks”.

It’s a twofold declaration: the date of the headline was the same as that of the block, indicating that Bitcoin wasn’t pre-mined, and really was born on that day. Secondly, Bitcoin would come as a better alternative for banks and intermediaries.

Bitcoin Pizza Day

A few days later, on May 22, someone finally bought and sent him that pizza, from Papa John’s. The counter-party was the user Jercos (Jeremy Sturdivant), who received those 10,000 BTC from Laszlo. If he still has them, he’s filthy rich, because the value by now would be about 400 million dollars. And just for some pizzas, eh?

Laszlo’s pizzas paid with BTC. Source: Bitcointalk

But the most important thing for us in this story is that was the first documented purchase of a tangible good using cryptocurrency. Bitcoin, finally, was starting to fulfill its purpose: to be a currency. Since then, the price only went to the moon.

So, to commemorate that lucky day, we celebrate now in the crypto world the event Bitcoin Pizza Day every May 22. Several restaurants around the world (and online) offer discounts in BTC for pizza that day and the bitcoiners eat a lot of pizza. There’s even a card wallet to commemorate it.

First wallets

That’s why someone decided to make easier the management by creating the first-ever software crypto-wallet. Likely, that was MyBitcoin.com, an online wallet launched around February 7, 2011. Unfortunately, it was hacked in July of the same year. In August, they announced that 51% of the funds had been stolen. It’s extinct today, but the idea is very alive in other options.

Trezor One hardware wallet. Source: Trezor Shop

As for the hardware wallets, everything started in late 2011, after a Bitcoin conference in Prague. Two developers and crypto-enthusiasts decided to build “a small, single-purpose computer that would keep the private keys protected in an isolated environment”, which means, outside the Internet. This mini-computer would also be open-source and auditable. And just like that was born Trezor, one of the most known brands in the ecosystem.

First DeFi apps

The first ICO was held in July 2013 by Mastercoin (now Omni), a platform based on Bitcoin that enables the creation of new cryptocurrencies and assets. It’s not very known to date, and its success could be debatable. Although, just a year after that, would come the Ethereum ICO (yes, Ethereum was born from there).

Barely a year later, the first stablecoin would arrive: BitShares (BitUSD). These kinds of cryptocurrencies would have a key role ahead. They are digital assets that peg their prices to other assets, considered more stables. By now, they’re an important part of the DeFi ecosystem.

The protocols Maker (of the stablecoin DAI), and Compound (COMP, for decentralized lending) would appear in 2017. Three years before the dubbed “DeFi Summer” in 2020, when an explosion of new financial protocols was created on the blockchain (mainly on Ethereum). These aren’t a single event in the crypto world, but, undoubtedly, they’re something to remember.

Last big event in the crypto world: the first NFT

Quantum by Kevin McCoy. Source Sotheby’s

“Quantum” will be on sale in an actual event by the auction house Sotheby’s next June 3, 2021. The bids will start at $100, but some estimations are expecting over $7m for the piece. McCoy commented about his work:

“Back in 2014 when I was putting these ideas of art and blockchains together almost no one understood what I was talking about. But I knew it was a really important and transformative idea. It’s gratifying to see the wider world come around to the same realization.”

Indeed, now the world is full not only with NFTs but with cryptocurrencies in every aspect. We’re going to a decentralized future, and that’s something to celebrate!

Wanna trade Bitcoin and other tokens? You can do it safely on Alfacash! And don’t forget we’re talking about this and a lot of other things on our social media.

Twitter * Telegram * Facebook * Instagram * Vkontakte

Originally published at https://blog.alfa.cash on May 20, 2021.

We are an eight-year-old and duly regulated cryptocurrency exchange. We offer crypto-fíat and non-custodial transactions, and valuable knowledge in our blog.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store