Bitcoin turns 18: Has the original rebel grown up?
Bitcoin celebrated its 18th anniversary on May 22, 2024, marking 18 years since the publication of its whitepaper and the mining of its genesis block. The cryptocurrency was created to bypass opaque institutions and remove the need for trust in financial transactions, with its first block inscribed with a headline about bank bailouts. Since its inception, Bitcoin has faced numerous challenges including the $6.3 billion Binance hack, regulatory scrutiny, and the emergence of quantum computing threats. Notably, on May 22, 2010, developer Laszlo Hanyecz famously paid 10,000 BTC for two pizzas, a transaction now valued at approximately $780 million. As Bitcoin reaches voting age in the US, questions remain about its readiness for mainstream adoption amid ongoing security and regulatory challenges.
Source: Cointelegraph · cointelegraph.com