Brave Individuals Embrace the World, and Step into the Bitcoin Time Tunnel with OKX Web3

On May 22, 2010, the encryption pioneer Laszlo Hanyecz purchased two pizzas with 10,000 BTC. This not only marked the first real-world transaction using cryptocurrency, but also demonstrated the currency attributes of BTC. Now, fourteen years later, the development of the cryptocurrency industry is moving towards maturity.

In order to pay tribute to early encryption pioneers like Laszlo Hanyecz and to spread their brave, adventurous, and innovative spirit to all corners of the world, OKX Web3, a long-term builder in the encryption industry, has created a unique “Bitcoin Time Museum” in the streets of Taipei during the BTC Pizza Festival in 2024. It has attracted tens of thousands of visitors to travel through time and review the history of Bitcoin development.

During the event, over a thousand people visited the Time Museum to take photos and enjoy themselves. By participating in fun games, they received customized pizzas, beers, and peripheral products from OKX Web3. In addition, Professor Liao Shiwei from National Taiwan University, well-known Taipei encryption KOL Saint Stone, computer science girl Li Tingting, and founder of DA Studio Zijun all came to the site to take photos and leave their memories.

Of course, it is worth mentioning that OKX Web3 also launched a “Pizza Day Street Challenge” on Pizza Day. Taking to the streets with a seemingly “ordinary” card, they brought surprises to those who dare to boldly try new things, aiming to pay tribute to the revolutionaries in the encryption industry like Laszlo Hanyecz and the brave pioneers, and to spread the spirit of brave people enjoying the world first.

Looking back at 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 cryptographic website mailing list, describing for the first time the electronic cash system called Bitcoin. On January 3, 2009, Satoshi Nakamoto successfully mined the first block of Bitcoin, the “Genesis Block,” on a small server in Helsinki, Finland, and received the first batch of 50 Bitcoin mining rewards.

As time went on, Bitcoin gradually gained more attention. On January 23, 2010, a user named Sabunir released an interesting topic on the BitcoinTalk forum: “Test for Beginners – 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 Bitcoin and left his wallet address. Just a month later, the 50 Bitcoin was sent to his address, becoming the first publicly traded real-world transaction of Bitcoin.

On May 22 of the same year, another milestone event occurred for Bitcoin. The encryption pioneer Laszlo Hanyecz used 10,000 Bitcoin to purchase two pizzas, marking the first publicly traded physical item using Bitcoin. This event not only proved the practicality of Bitcoin in real life but also became the origin of the annual Pizza Day festival in the industry.

As time went by, the influence of Bitcoin continued to expand. On January 14, 2012, Bitcoin appeared for the first time 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 broke through the $10,000 mark 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 is the third halving event in the history of Bitcoin. This event marks the increase in mining difficulty and the reduction of rewards for Bitcoin, but it also promotes 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 Bitcoin’s formal entry into the mainstream financial market and signifying a structural change in the cryptocurrency market centered around Bitcoin.

As early builders in the industry, OKX Web3 not only pays tribute to industry pioneers but also has been committed to the construction of the Bitcoin ecosystem.

Up to now, the OKX Web3 wallet has launched the 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 gateway to explore the Bitcoin ecosystem. In addition, with the continuous development of the Bitcoin ecosystem, the OKX Web3 team has been building around various aspects of the Bitcoin ecosystem, including 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 together with the encryption industry.

Disclaimer: The content of this article is for reference only and should not be construed as an invitation, offer, solicitation, or recommendation for any product transaction or investment advice. Investment should be cautious, as digital assets have certain market risks and price volatility, especially for trading such as contract options, which are more susceptible to market risks and price fluctuations. Investment in digital assets carries risks and may even result in the loss of the entire investment amount. Therefore, digital asset trading may not be suitable for all investors. You need to understand the operation mode of the product and make independent judgments and investment decisions. Please be responsible for understanding and complying with relevant local laws and regulations.

Laszlo Hanyecz
OKX Web3