The Origins
The interpretation of Bitcoin varies among individuals. For some, it serves as a valuable asset, while others leverage it for computation or as a wellspring of data. Many rely on it as a decentralised cash system, and developers utilise its ledger as a foundational database. Smart contracts underpin various applications, and artistic minds fashion hypermedia and NFTs. Throughout its history, Bitcoin has been traded by many with varying levels of understanding, and some view it as a means of transaction, a verifiable well of authenticity, origin, or incorruptibility—a steadfast data network or an enduring, widely spread database. Regardless, the subsequent compilation presents a noteworthy chronicle of significant milestones across the years.
The Timeline
- Starting from 2022
Bitcoin Achieves Multiple World Records
From 2022 onward, BSV has established a series of world records. These achievements include consistently exceeding 50,000 transactions per second, generating the largest blocks (over 2GB in size), producing the largest NFT (1GB), and maintaining the lowest environmental impact among all proof-of-work (POW) chains.
- February 2020
Genesis Upgrade
The Genesis upgrade aimed to closely restore the initial Bitcoin Protocol according to Satoshi's original vision. This adjustment aimed to enhance stability for developers and businesses for future advancements. The capacity for unlimited scaling was reintroduced, along with the reintegration of the original Bitcoin script language, simplifying the development of on-chain applications.
- November 2018
BSV Emerges as Bitcoin, BCH Takes Different Path
BSV became the new representative of the original Bitcoin Protocol, as BCH diverged from Bitcoin's core principles. BCH's deviation from the Bitcoin white paper resulted in the incorporation of non-compliant features, including anonymity features that impede government and financial oversight. This day marks Bitcoin's Independence Day for this reason.
- October 2008
Release of Bitcoin White Paper
The concept and intended purpose of Bitcoin were elucidated by its creator, Satoshi Nakamoto, in the white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System." Four months later, the first open-source Bitcoin client software was made available to the public.
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