Exactly 15 years ago Bitcoin was born. It was on this day that the first block was mined. It was named: Genesis. This is the first step in the era of the new economy, decentralized finance and Blockchain.
Genesis - first block
It is famous for several important aspects. 1) It has a message built into it. It is important to note that this is the title of the publication in The Times: “Chancellor on brink of second bailout for banks.” This event was perceived as a political step. The first reward was sent to the wallet: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. It currently stores 75 BTC.
Destroying stereotypes and overcoming obstacles or “Through hardships to the stars”
Bitcoin has overcome a lot of obstacles. First of all, it is mistrust. In addition, he needed to overcome representatives of high financial circles. Over time, not only ordinary people, but also the world's leading leaders in the financial sector began to trust him.
Achievements
Companies such as Tesla and MicroStrategy have added Bitcoin to their balance sheets.
In the Central African Republic and El Salvador, Bitcoin became an official means of payment.
Bitcoin has seen significant improvements thanks to the Segregated Witness and Taproot assumptions. They made it possible to increase the speed of transactions. In addition, financial efficiency, smart contract capabilities, and privacy have been improved.
Bitcoin has expanded its role in the economy of decentralized finance. This is made possible thanks to the Ordinals feature, which allows you to create NFT tokens. However, we should not forget that this function turned out to be the source of many problems.
Mining. First of all, it was said that this process requires a large amount of electricity. But now it has already been proven that mining is considered the most environmentally friendly process in the World.
By his 15th birthday, Bitcoin entered the TOP 10 largest assets in the World. Currently he is in 9th place. Now it is on a par with companies such as Apple, Microsoft, Google, Saudi Aramco, Amazon, etc.
The Future of Bitcoin
Ross Stevens (founder of Stone Ridge Asset Management and NYDIG) said it best about Bitcoin: “In a world of increasingly degraded, censored, and surveilled government money, Bitcoin represents optimism, fairness, justice, truth, and beauty. Like the people’s money, Bitcoin cannot be stopped by borders, devaluation, censorship or mass surveillance.” Accordingly, Bitcoin has a bright future.
