Welcome to Lesson 10 of the PROP365 Academy. In this guide, we break down the creation Bitcoin timeline and explain the complete Bitcoin evolution from its inception to key adoption milestones.

The creation Bitcoin story begins in the 1990s when cryptographers and developers started proposing systems for digital cash. David Chaum’s e-cash and Adam Back’s Hashcash laid the groundwork. Later, Wei Dai introduced b-money, and Nick Szabo proposed Bitgold—both seen as precursors to Bitcoin. These early ideas centered around decentralized value transfer and digital scarcity.

Timeline of Bitcoin Evolution

Pre-Bitcoin Era

• 1990s–2000s: Key innovations such as reusable proof-of-work and asset registries were introduced.
• August 18, 2008: The domain Bitcoin.org was officially registered.
• October 31, 2008: Satoshi Nakamoto published the whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System, outlining the concept.

Bitcoin Creation and Genesis Block

• January 3, 2009: Satoshi Nakamoto mined the first block, known as the Genesis Block. This event officially marked the Bitcoin date creation.
• January 12, 2009: Hal Finney received the first Bitcoin transaction—10 BTC from Nakamoto.

Early Milestones

• August 2010: A protocol flaw allowed the creation of 184 billion BTC in a single transaction. The community quickly identified and resolved the issue, preserving the system’s integrity.
• May 2010: In a now-famous event, 10,000 BTC were used to purchase two pizzas. This transaction became known as “Bitcoin Pizza Day.”

Widespread Adoption and Regulation

As Bitcoin’s reputation grew, so did its adoption and the scrutiny it faced: