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A BRIEF ABOUT BTC AND ITS PHYSIQUE DESIGN

A BRIEF ABOUT BTC AND ITS PHYSIQUE DESIGN 

The bright orange logo of Bitcoin (BTC), for more than a decade, has become synonymous with financial freedom amidst the current economic downturn and strong government regulation. However, unlike the mysteries associated with the origins 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 duplication of the Bitcoin logo represented a gold coin with the inscription “BC” embedded in the center, as shown below.



However, on February 24, 2010, Nakamoto came up with a new Bitcoin logo, which saw the change of the letter "BC" to "₿" embedded inside a gold coin.



Satoshi Nakamoto's second attempt at the Bitcoin logo. Source: bitcointalk.org

Based on public feedback, Satoshi then compiled changes to the new logo and released copyrighted images on the public domain. The logo then continues to be accepted as the official symbol of Bitcoin for a short time.



The nature of the Bitcoin ecosystem fragmentation allows the general public to participate in the Bitcoin network in a variety of ways based on community consensus, including logo designs. On November 1, 2010, a member of the Bitcoin community - not to be confused with YouTuber BitBoy Crypto - released a new duplicate of the Bitcoin logo based on Satoshi's design. However, this time the designer opted to replace the gold coin with the iconic orange circle and tended the “₿” logo by 14% clockwise.


As a result of the overwhelming support from the community, the bitboy design stands as the official symbol of Bitcoin for the past 12 years. After releasing the completed version of the Bitcoin logo, bitboy said:


"Now everyone can use the graphics freely even for commercial purposes with this license and without being bound by any restrictions."

Enthusiasts continue to release new Bitcoin logos to date, but the BTC community has yet to find a sign close to the beloved orange ₿.



The installation of Bitcoin ATMs made a big recovery in June after seeing a steady decline in 2022.



A chart showing the complete conversion of the number of cryptocurrency machines installed and deleted monthly. Source: ATM cash card

The graph above shows that the decline in May 2022 has reached the level that last appeared in 2019. Over the past two years, in 2020 and 2021, the introduction of Bitcoin ATMs has continued to grow steadily due to friendly controls within the leak market where many cryptocurrencies are getting everything. time goes up fast.

Source: cointelegraph




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