A Timeline of Blockchain Technology

by piero scaruffi
Cognitive Science and Artificial Intelligence | My book on A.I. | My book on consciousness | Human 2.0 | Bibliography and book reviews | Contact/feedback/email
(Copyright © 2021 Piero Scaruffi | Terms of use )


(All these events are explained here and here and there's also a Powerpoint presentation)

Oct 2008: Satoshi Nakamoto's Bitcoin white paper
Jan 2009: Satoshi Nakamoto sends a bitcoin to Hal Finney

Apr 2011: Satoshi Nakamoto announces that he is leaving Bitcoin development and five core developers take over from him (Gavin Andresen, Pieter Wuille, Wladimir van der Laan, Gregory Maxwell, and Jeff Garzik
Jul 2011: Bitcoin's price jumps to $32 (up from $1 in April)
2011: Zk-SNARKs (Alessandro Chiesa)
2011: Litecoin (Charles Lee)
2011: BitFury (Valery Vavilov & George Kikvadze) ASIC mining chip

Mar 2012: Yoni Assia in Israel invents "colored coins" that can represent collectibles (the first non-fungible tokens)
2012: Canaan Avalon (Nangeng Zhang) ASIC mining chip
2012: Coinbase (Brian Armstrong) bitcoin wallet
2012: PPCoin/Peercoin/Primecoin ("Sunny King"), first implementation of Proof of Stake (PoS)

2013: Gregory Maxwell's "coinjoin" technique
2013: Nicolas van Saberhagen's CryptoNote protocol
2013: 21 Inc (Matthew Pauker & Balaji Srinivasan) bitcoin mining
2013: Bitmain (Micree Zhan and Jihan Wu) bitcoin mining
Jul 2013: Omni/Mastercoin (JR Willett) carries out the first ICO
2013: Ripple (Jed McCaleb)
2013: BitShares (Daniel Larimer), based on delegated Proof of Stake
2013: Circle (Jeremy Allaire & Sean Neville)
2013: Stefan Dziembowski's Proof-of-Space algorithm
2013: Pantera Capital's first investment in bitcoin
Apr 2013: Dave Kleiman dies (the most likely identity of Satoshi Nakamoto)
Sep 2013: NXT's ICO and NXT uses Proof-of-Stake (PoS)
Oct 2013: Blockchain Capital in San Francisco, a venture capital company for cryto investments
Oct 2013: Gridcoin (Rob Halford), based on Proof of Stake and distributed on the BOINC network
Oct 2013: Green mining Gridcoin (Rob Halford)
Nov 2013: BCNext's NXT
Dec 2013: Bitcoin hits $1,156
Dec 2013: Dogecoin (Billy Markus and Jackson Palmer)
2013: Stefan Dziembowski's Proof of Space in which the "miner" must dedicate a significant amount of disk space as opposed to computation

Jan 2014: Counterparty (Robert Dermody, Adam Krellenstein, Evan Wagner), a protocol that lets users make anything into a unique digital token (and the third ICO)
Jul 2014: Swarm's ICO
Aug 2014: Ethereum's ICO
Aug 2014: Burstcoin, an NXT-based cryptocurrency that uses Proof-of-Capacity, a kind of Proof of Space
2014: CoinCloud (Chris McAlary), first cryptocurrency ATM
2014: Notary service Factom (Paul Snow)
2014: Storj (Shawn Wilkinson, 2014)
2014: Monero (Riccardo Spagni)
2014: Swarm (Joel Dietz)
2014: ConsenSys (Martin Koeppelmann & Joseph Lubin, 2014)
2014: Xcoin/Darkcoin/Dash (Evan Duffield)
2014: Stellar (Jed McCaleb)
2014: Karmacoin's ICO
2014: Bitnation (Susanne Tarkowski Tempelhof), a platform to create DAOs or decentralised government projects
2014: Jae Kwon's Tendermint (practical Byzantine Fault Tolerant)
2014: NEO (Da HongFei & Erik Zhang), based on delegated Byzantine Fault Tolerance, to develop dApps
2014: Realcoin/Tether (Brock Pierce, Craig Sellars, and Reeve Collins), a stablecoin
Sep 2014: Cryptocurrency hedge fund Metastable Capital (Joshua Seims)

Jul 2015: Ethereum (Vitalik Buterin)
Aug 2015: Bitcoin XT fork (Mike Hearn and Gavin Andresen)
2015: Litecoin is the second cryptocurrency for market capitalization after Bitcoin
2015: Gregory Maxwell's "confidential transactions" algorithm
2015: Casper the Friendly Ghost (Vlad Zamfir)
2015: There are more than 70 "colored" currencies (user-issued currencies running on the bitcoin protocol)
2015: Ethereum introduces the ERC20 token standard
2015: Dfinity (Dominic Williams)
2015: InterPlanetary File System/IPFS (Juan Benet)
2015: DagCoin (Sergio Demian Lerner)
2015: 21 Inc introduces the first computer with native hardware and software support for bitcoin
2015: Coinbase becomes the first-ever cryptocurrency unicorn ($1.6 billion valuation)
2015: Digital Currency Group (Barry Silbert )
Dec 2015: The Linux Foundation launches the Hyperledger open-source framework

Apr 2016: The DAO (Christoph Jentzsch) raises a record US$150 million
Jun 2016: A hacker hacks The DAO and steals $50 million in ether
Jul 2016: Steemit (Ned Scott & Daniel Larimer), a decentralized social networking platform
2016: Ripple is the third-largest cryptocurrency by market capitalization after Bitcoin and Ethereum
2016: SegWit optimization (Pieter Wuille)
2016: Rchain Cooperative (Greg Meredith)
2016: Steemit (Ned Scott & Dan Larimer)
2016: Zcash (Zooko Wilcox)
2016: Stratis (Chris Trew) blockchain-as-a-service
2016: Iota (Serguei Popov)
2016: Zachary Coburn's EtherDelta, a decentralized exchange based on Ethereum to exchange ERC20 tokens
2016: Lisk (Max Kordek and Oliver Beddows), based on delegated Proof of Stake, to develop dApps
2016: Corda (David Rutter) to develop dApps
2016: Polkadot (Gavin Wood), based on PoS
2016: Cryptocurrency hedge fund Polychain Capital (Olaf Carlson)

2017: Cardano (Charles Hoskinson), based on PoS, to develop dApps
2017: Filecoin (Juan Benet), a decentralized data storage network
2017: Tron (Justin Sun) , based on PoS
2017: Golem (Julian Zawistowski), a decentralized supercomputer
2017: Bancor exchange (Galia Benartzi)
2017: Linux Foundation's Hyperledger Fabric to develop dApps

Jan 2017: Bitcoin surges past $1000 for the first time in 3 years
2017: China and South Korea ban ICOs
2017: Segwit2x fork (Jeff Garzik)
2017: Tezos (Arthur & Kathleen Breitman), based on PoS
2017: Eos.io (Dan Larimar), based on PoS, to develop dApps
2017: Ark SmartBridge (Travis Walker), based on delegated Byzantine Fault Tolerance, to develop dApps
2017: Binance (Changpeng Zhao)
2017: Mastercard adopts blockchain technology for cross-border payments
2017: 99% of ICO tokens implement ERC20
2017: The Qtum ERC20 token has a valuation of $1 billion
2017: Venezuela's petro
2017: The OmiseGo ERC20 token has a $1 billion valuation
2017: Celsius (Alexander Mashinsky & Daniel Leon)
Jun 2017: EOS (Daniel Larimer), which mixes PoS and Byzantine Fault Tolerant
Jul 2017: Hyperledger Fabric for permissioned blockchains
Jul 2017: Tezos' ICO is the largest yet
Aug 2017: Bitcoin Cash (BCH) forks from Bitcoin (BTC)
Aug 2017: Bitcoin's upgrade SegWit (Segregated Witness)
Sep 2017: Filecoin's ICO sets a new record
Sep 2017: IDEX decentralized Ethereum exchange
Dec 2017: Rune Christensen's Maker for creating a decentralized stablecoin, the Dai
Dec 2017: Bitcoin reaches $20,089
Dec 2017: Hackers hack EtherDelta and steal users' money

Jan 2018: ERC-721, the standard for NFTs
2018: Solana (Anatoly Yakovenko & Greg Fitzgerald), based on PoS
Apr 2018: Coinbase Ventures (Emilie Choi)
Sep 2018: Compound (Robert Leshner & Geoffrey Hayes)
Jun 2018: Andreessen Horowitz's first crypto-focused fund, a $300M venture fund
2018: Zk-STARTs (Eli Ben-Sasson)
2018: Kodak's ICO
2018: Telegram's $1.7 billion "private" ICO
2018: Circle has a $3 billion valuation
Nov 2018: Uniswap (Hayden Adams), a decentralized exchange for ERC20 tokens

2019: The Chinese government declares blockchain a core technology
2019: Celo (Rene Reinsberg)
2019: Algorand (Silvio Micali), based on PoS
Jun 2019: Ampleforth (Evan Kuo), a price-elastic token
Jun 2019: Facebook announces its cryptocurrency Libra
Jul 2019: Synthetix (Kain Warwick), a derivatives platform on Ethereum
Oct 2019: Vivek Bagaria's longest chain Proof-of-Stake protocol

Jan 2020: Bitcoin has declined to $7,200
Apr 2020: Andreessen Horowitz's second cryptocurrency-focused fund Crypto Fund II ($515 million )
Apr 2020: Chia Network (Bram Cohen, the author of the BitTorrent protocol) in beta, based on a Proof of Space-Time consensus algorithm
May 2020: Compound launches a liquidity mining program
Aug 2020: Decentralized exchange SushiSwap
Aug 2020: Yam (Brock Elmore), a price-elastic token

2021: Chenhe Zhang's Proof of Comprehensive Performance algorithm
Jan 2021: Bitcoin passes $40,000
Jan 2021: Coinbase's assetts are worth more than $90 billion
Apr 2021: Bitcoin passes $64,000
Jun 2021: Andreessen Horowitz's third cryptocurrency-focused fund ($2.2 billion)
Aug 2021: Celsius' assetts are worth more than $20 billion
Aug 2021: Market capitalizations: Bitcoin (BTC) 901,831,465,027 - Ethereum (ETH) 419,218,866,991 - Cardano (ADA) 77,379,618,790 - Binance Coin (BNB) 70,789,948,677 - Tether (USDT) 68,286,890,640 - XRP (XRP) 50,989,715,435 - Solana (SOL) 44,118,603,170 - Polkadot (DOT) 36,233,921,701 - Dogecoin (DOGE) 32,206,247,452. Total cryptocurrency market capitalization: $2.17 trillion
Sep 2021: Crust (Leo Wang & Chen Bao), a decentralized storage network
Sep 2021: China bans all cryptocurrency transactions and mining
Back to the index