Brave people enjoy the world first.
On May 22, 2010, Laszlo Hanyecz, a pioneer in cryptography, purchased two pizzas with 10,000 BTC. This was not only the first real-world transaction in the history of cryptocurrency but also the first manifestation of the currency attributes of BTC. Now, fourteen years have passed, and the development of the cryptocurrency industry is moving towards maturity.
In order to pay tribute to early cryptographic pioneers like Laszlo Hanyecz and to spread their brave, adventurous, and innovative spirit to every corner of the world, OKX Web3, a long-term builder of the cryptocurrency industry, has built a unique “Bitcoin Time Museum” in the streets of Taipei during the BTC Pizza Festival in 2024. This has attracted tens of thousands of people to travel through time and review the history of Bitcoin’s development.
During the event, over a thousand people visited the Time Museum to take photos and have fun. They also participated in fun games to receive customized pizzas, beer, and other benefits from OKX Web3. In addition, Professor Liao Shih-Wei from National Taiwan University, well-known Taipei cryptocurrency KOL Saint Stone, computer science girl Li Tingting, and founder of DA Studio Zhi-Jun, all came to the scene to take photos as well.
Of course, it is worth mentioning that OKX Web3 also launched a “Pizza Day Street Challenge”, where on Pizza Day, they took to the streets to bring surprises to those who dare to boldly try new things with a seemingly “ordinary” card. This is intended to pay tribute to the revolutionaries of the cryptocurrency industry, like Laszlo Hanyecz, and the brave pioneers, to convey the spirit of brave people enjoying the world through cryptocurrencies.
Looking back at the history of Bitcoin’s development, we cannot help but marvel at the power of creation and innovation.
In November 2008, Satoshi Nakamoto published a paper on an electronic cash system called Bitcoin on a cryptography website mailing list. On January 3, 2009, Satoshi Nakamoto successfully mined the first block of Bitcoin, the “Genesis Block,” on a small server in Helsinki, Finland, and received the first 50 BTC mining reward.
As time went on, Bitcoin gradually attracted more attention. On January 23, 2010, BitcoinTalk forum user Sabunir released an interesting topic on the forum: “Test for beginners – Does anyone want to buy a picture for $1?” He asked if anyone was willing to buy a wallpaper with a resolution of 1280×960 for $1 worth of Bitcoin and left his wallet address. Just a month later, those 50 BTC were sent to his address, becoming the first publicly known real-world Bitcoin transaction.
On May 22 of the same year, Bitcoin reached another milestone event. Cryptocurrency pioneer Laszlo Hanyecz used 10,000 BTC to purchase two pizzas, marking the first publicly known transaction where Bitcoin was used to purchase physical goods. This event not only proved the usefulness of Bitcoin in real-life but also became the origin of the annual Pizza Day festival in the industry.
With the passage of time, the influence of Bitcoin continued to expand. On January 14, 2012, Bitcoin appeared for the first time in the US TV series “The Good Wife,” further increasing its popularity among the public. Since then, the price of Bitcoin has continued to rise. In March 2017, the price of one Bitcoin exceeded the price of an ounce of gold for the first time. On November 28 of the same year, the Bitcoin trading price surpassed the $10,000 mark for the first time.
On May 12, 2020, the 630,000th block was mined, and the Bitcoin block reward decreased from 12.5 BTC to 6.25 BTC. This was the third halving event in Bitcoin’s history. This event marked an increase in mining difficulty and a decrease in rewards, but it also promoted the security and stability of the Bitcoin network.
In recent years, the acceptance of Bitcoin has been constantly increasing worldwide. Especially this year, on January 10, the US Securities and Exchange Commission (SEC) approved the first Bitcoin spot ETF, marking the formal entry of Bitcoin into the mainstream financial market and also signifying a structural change in the cryptocurrency market with Bitcoin at its core.
As early builders in the industry, OKX Web3 not only pays tribute to industry pioneers but also has been committed to building the Bitcoin ecosystem.
Up to now, OKX Web3 Wallet has launched the Ordinals, Atomicals, and Runes markets, helping users experience the latest developments in the Bitcoin ecosystem in real-time. They also provide users with a one-stop entrance to explore the Bitcoin ecosystem. Furthermore, as the Bitcoin ecosystem continues to develop, the OKX Web3 team is also building around various aspects of the Bitcoin ecosystem, such as wallet tools, browsers, trading markets, protocol standards, cross-chain bridges, and Bitcoin Layer2. In the future, OKX Web3 will adhere to the spirit of innovation and embark on a new journey together with the cryptocurrency industry.
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