THE RISE OF BITCOIN

Oct 2007: Satoshi Nakamoto began working on the Bitcoin concept. While on record he is living in Japan, it is speculated that Nakamoto may be a collective pseudonym for more than one person

Oct 31, 2008: He published the white paper on Bitcoin, a currency developed using crypto graphy

Jan 3, 2009: First Bitcoin entered blockchain register known as Block 0, the genesis block, established at 18:15:05 GMT.

Jan 12, 2009: First transaction of Bitcoin currency, in block 170, took place between Nakamoto and Hal Finney, a developer and cryptographic activist

Oct 5, 2009: New Liberty Standard published a Bitcoin exchange rate that established the value of a Bitcoin at $1 = 1,309.03 BTC, using an equation that includes the cost of electricity to run a computer that generated Bitcoins

Jan 28, 2011: 25% of total (21 million possible) bitcoin generated. Currently, there are 16.779 mn bitcoins are in circulation. It will take several decades to reach the 21-million mark, beyond which no bitcoins can be produced

Dec 20, 2012: Mahin Gupta launched India’s first Bitcoin exchange, buysellbitco.in

May 8, 2014: The Federal Election Commission approved bitcoin donations to political committees

Oct 31, 2014: Zebpay launched a simple bitcoin wallet in India