Bitcoin’s bright orange logo (BTC), for more than a decade, has become synonymous with financial freedom in the face of a modern recession and tight government surveillance. However, unlike the mysteries related to the origin of Bitcoin, the development of the Bitcoin ‘₿’ logo is well documented in the depths of the internet.
When Bitcoin was introduced 13 years ago by creator Satoshi Nakamoto, the first iteration of the Bitcoin logo featured a gold coin with “BC” text embedded in the center, as shown below.
However, on February 24, 2010, Nakamoto created a new Bitcoin logo, which replaced the “BC” text with “₿” embedded in the gold coin.
Based on community feedback, Satoshi then incorporated changes to the new logo and released the royalty-free images into the public domain. The logo was accepted as the official Bitcoin logo for a short time.
The decentralized nature of the Bitcoin ecosystem allows the general public to contribute to the Bitcoin network in various ways based on community consensus, including logo design. On November 1, 2010, bitboybitcoin community member, spear a new iteration of the Bitcoin logo based on Satoshi’s design. However, this time the designer chose to replace the gold coin with the iconic orange circle and tilted the “₿” logo 14% clockwise.
Thanks to overwhelming community support, the bitboy design has remained Bitcoin’s official logo for the past 12 years. After posting the finalized version of the Bitcoin logo, bitboy said:
“Now everyone can use the graphics freely, even for commercial purposes with this license and is not bound by any restrictions.”
Enthusiasts continue to release new logos for Bitcoin to this day, but the BTC community has yet to find a symbol that comes close to the beloved orange ₿.
Bitcoin ATM installs saw a sharp rebound in June after seeing a steady decline throughout 2022.
The chart above shows that the May 2022 drop reached a range that was last seen in 2019. Over the past two years, in 2020 and 2021, Bitcoin ATM installs have steadily increased due to friendlier regulatory scenarios amidst a rewarding market. , when several cryptocurrencies momentarily hit all-time highs.
SEE MORE :