The bright orange Bitcoin (
$85,842.00 ) (BTC) logo, for over a decade, has become synonymous with financial freedom amid modern-day recession and stringent governmental oversight. However, unlike the mysteries tied to Bitcoin ( $85,842.00 ) ’s origin, the development of the Bitcoin ( $85,842.00 ) ‘₿’ logo is fairly documented in the depths of the internet.
When Bitcoin ( $85,842.00 ) was introduced 13 years ago by creator Satoshi Nakamoto, the first iteration of the Bitcoin ( $85,842.00 ) logo represented a gold coin with a “BC” text embedded in the center, as shown below.
However, on February 24, 2010, Nakamoto came up with a new Bitcoin ( $85,842.00 ) logo, which saw the replacement of the “BC” text with “₿” embedded within the gold coin.
Satoshi Nakamoto’s second attempt on Bitcoin ( $85,842.00 ) logo. Source: bitcointalk.org
Based on community feedback, Satoshi then incorporated changes into the new logo and released the copyright-free images into the public domain. The logo then went on to be accepted as the official logo for Bitcoin ( $85,842.00 ) for a short amount of time.
Satoshi Nakamoto incorporates design changes based on community feedback. Source: bitcointalk.org
The decentralized nature of the Bitcoin ( $85,842.00 ) ecosystem allows the general public to contribute to the Bitcoin ( $85,842.00 ) network in various forms based on community consensus, including logo designs. On November 1, 2010, Bitcoin ( $85,842.00 ) community member bitboy released a new iteration of the Bitcoin ( $85,842.00 ) logo based on Satoshi’s design. However, this time the designer chose to replace the gold coin with the iconic orange circle and tiled the “₿” logo 14% clockwise.
bitboy’s design a.k.a. official Bitcoin ( $85,842.00 ) logo. Source: bitcointalk.org
As a result of overwhelming support from the community, bitboy’s design stands as the official logo for Bitcoin ( $85,842.00 ) over the last 12 years. After releasing the finalized version of the Bitcoin ( $85,842.00 ) logo, bitboy stated:
“Now everyone can make use of the graphics freely even for commercial purposes with this license and not bound by any restriction.”
Enthusiasts continue releasing new logos for Bitcoin ( $85,842.00 ) to date, but the BTC community has yet to come across a symbol that comes close to the beloved orange ₿.
Related: Bitcoin ( $85,842.00 ) ecosystem makes a U-turn recovery in global ATM installations
Bitcoin ( $85,842.00 ) ATM installations made a steep recovery in June after witnessing a consistent decrease throughout 2022.
Chart showing the net change of cryptocurrency machines number installed and removed monthly. Source: Coin ATM Radar
The above graph shows that May 2022’s drop reached a range that was last seen in 2019. Over the last two years, in 2020 and 2021, Bitcoin ( $85,842.00 ) ATM installations grew consistently owing to friendlier regulatory landscapes amid a rewarding market when numerous cryptocurrencies attained their all-time highs momentarily.
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