Bitcoin Turns 14, Core Design Set in Stone

Bitcoin Turns 14, Core Design Set in Stone

Jun 17 Tech Standard

Today marks the 14th anniversary of a pivotal statement by Satoshi Nakamoto, the mysterious creator of Bitcoin. In 2010, Nakamoto declared that "the core design of Bitcoin was set in stone" with the release of version 0.1.

This statement highlighted the immutability that defines Bitcoin, separating it from traditional and even other digital currencies. Version 0.1, released in January 2009, laid the foundation for the first decentralized electronic cash system, sparking a revolution in finance and technology.

Nakamoto's commitment to an unchangeable core design ensured Bitcoin remains true to its original vision. This includes a fixed maximum supply of 21 million coins, a feature built into the Bitcoin protocol itself.

The current Bitcoin Core software is a continuation of Satoshi's original work, maintained by a global developer community. Today, Bitcoin reigns as the largest cryptocurrency by market capitalization, boasting a value of $1.28 trillion. This represents roughly half of the entire $2.4 trillion global crypto market. With nearly 19.71 million BTC already in circulation, we're approaching 94% of the total supply.


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