On May 22, 2010, the pioneer of encryption, Laszlo Hanyecz, purchased two pizzas with 10,000 BTC. This was not only the first transaction of physical goods in the history of cryptocurrency, but also the first time BTC demonstrated its attributes as a currency. Now, fourteen years later, the development of the cryptocurrency industry is maturing.
In order to pay tribute to early encryption pioneers like Laszlo Hanyecz and to spread their brave, adventurous, and innovative spirits to every corner of the world, OKX Web3, a long-term builder of the encryption industry, has created a unique “Bitcoin Time Museum” in Taipei during the 2024 BTC Pizza Festival. This museum has attracted tens of thousands of visitors to travel through time and review the development history of Bitcoin together.
During the event, over a thousand people visited the Time Museum to take pictures and participate in the fun games, earning customized pizzas, beers, and other benefits from OKX Web3. In addition, professors from National Taiwan University’s Computer Science Department, famous Taipei cryptocurrency KOLs, Sheng Jie Shi, computer science girl Tingting Li, and DA Studio founder Zijun, all came to the scene to leave their marks.
Of course, it is worth mentioning that OKX Web3 also launched a “Pizza Day Street Challenge” on this special day. They took to the streets with seemingly “ordinary” cards, bringing surprises to those who dare to try new things. The aim was to pay tribute to the revolutionary figures in the encryption industry, such as Laszlo Hanyecz, and to convey the spirit of brave people enjoying the world first.
Looking back on the development history of Bitcoin, we can’t help but marvel at the power of creation and innovation.
In November 2008, Satoshi Nakamoto published a paper on a cryptography website, describing for the first time the electronic cash system called Bitcoin. On January 3, 2009, Nakamoto successfully mined the first block of Bitcoin, the “Genesis Block,” on a small server in Helsinki, Finland, and received the first 50 bitcoins as a mining reward.
As time went on, Bitcoin gradually attracted more attention. On January 23, 2010, a BitcoinTalk forum user named Sabunir posted an interesting topic: “Test for a newbie – Does anyone want to buy a picture for $1?” He asked if anyone would be 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 bitcoins were sent to his address, marking the first public real-world transaction with Bitcoin.
On May 22 of the same year, Bitcoin reached another milestone event. The encryption pioneer, Laszlo Hanyecz, used 10,000 bitcoins to purchase two pizzas, marking the first public purchase of physical goods with Bitcoin. This event not only proved the practicality of Bitcoin in real life, but also became the origin of the annual Pizza Day in the industry.
As time went by, the influence of Bitcoin continued to grow. On January 14, 2012, Bitcoin made its first appearance in the American 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 surpassed the price of an ounce of gold for the first time. On November 28 of the same year, the trading price of Bitcoin also exceeded $10,000 for the first time.
On May 12, 2020, the 630,000th block was mined, and the block reward for Bitcoin decreased from 12.5 BTC to 6.25 BTC. This was the third halving event in the history of Bitcoin. This event marked an increase in the mining difficulty of Bitcoin and a reduction in rewards, but it also promoted the security and stability of the Bitcoin network.
In recent years, the acceptance of Bitcoin has been increasing globally. Especially this year, on January 10, the U.S. Securities and Exchange Commission (SEC) approved the first Bitcoin spot ETF, marking the formal entry of Bitcoin into the mainstream financial market and signifying a structural change in the Bitcoin-centered cryptocurrency market.
As early builders in the industry, OKX Web3 not only pays tribute to industry pioneers, but has also been committed to the construction of the Bitcoin ecosystem.
Up to now, OKX Web3 Wallet has launched Ordinals, Atomicals, and Runes markets, helping users experience the latest developments in the Bitcoin ecosystem in real time, and providing users with a one-stop entry to explore the Bitcoin ecosystem. In addition, as the Bitcoin ecosystem continues to evolve, the OKX Web3 team is also building around the Bitcoin ecosystem in areas 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 with the cryptocurrency industry.
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