{"id":269679,"date":"2023-06-21T15:59:47","date_gmt":"2023-06-21T06:59:47","guid":{"rendered":"https:\/\/www.singapore-startup.com\/?p=269679"},"modified":"2023-06-21T16:00:07","modified_gmt":"2023-06-21T07:00:07","slug":"bitcoin-and-nft-amazing-history-from-2012-to-present","status":"publish","type":"post","link":"https:\/\/www.singapore-startup.com\/?p=269679&lang=en","title":{"rendered":"Bitcoin and NFT\uff01Amazing history from 2012 to present\uff01"},"content":{"rendered":"<div class=\"aafe36d7afa19a8010513acdd90193c0\" data-index=\"1\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<center>Sponsored Link<\/center>\r\n<script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- Article upper_singapore-startup.com -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-8303070969424899\"\r\n     data-ad-slot=\"5656608650\"\r\n     data-ad-format=\"rectangle\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n<h2>History of Bitcoin and NFTs<\/h2>\n<p>\u3000The relationship between Bitcoin and NFTs (non-replaceable tokens) actually dates back to 2012. At that time, Bitcoin already had a means of creating digital assets called Colored Coins. This project made it possible to associate real-world services and assets with Bitcoin transactions using EPOBC.<\/p>\n<p>Colored Coins differed from standard Bitcoins by assigning tag values.<\/p>\n<p>\u3000Later, in 2014, the first NFT associated with Bitcoin came in the form of Namecoin. This bitcoin was called &#8220;Quantum&#8221; and included a unique generative artwork by Kevin and Jennifer McCoy.<\/p>\n<p>This work was an important event that brought digital art and technology (DLT) together and was a notable moment in digital art on Bitcoin-related platforms.<\/p>\n<p>&nbsp;<\/p>\n<p>\u3000In 2015 and 2016, the famous card trading game &#8220;Spells of Genesis&#8221; was created using NFT on the Bitcoin blockchain. Around the same time, a Bitcoin NFT project called Rare Pepe Cards was also launched. These games illustrate Counterparty&#8217;s role in introducing NFTs to the bitcoin community.<\/p>\n<p>\u3000In 2017, changes were made to how bitcoin transactions are organized, introducing a new mechanism called Segregated Witness (Segwit). This allows for more data to be included in a transaction without the transaction becoming too large.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>\u3000Then in 2021, an even more significant upgrade was the introduction of Taproot. This upgrade made it easier for users to add additional information to their bitcoin transactions.<\/p>\n<p>\u3000And now, Rodarmor&#8217;s NFTs, Inscriptions and Ordinals, are in the spotlight. These utilize the unique way Bitcoin tracks unused transaction output (UTXO) on the Bitcoin network.<\/p>\n<p>\n\u3000Bitcoin NFTs utilize UTXOs used in bitcoin transactions. Bitcoin transactions are recorded as a number of &#8220;Unspent Transaction Outputs&#8221; (UTXOs) and the Bitcoin system tracks these UTXOs individually.<\/p>\n<p>The creator of a bitcoin NFT tags a particular UTXO as an NFT, and by owning that UTXO, he or she owns the NFT.<\/p>\n<p>\n\u3000Thus, the history of bitcoin and NFTs has evolved at the intersection of technology and art. And that evolution continues to this day.<\/p>\n<p>\u203breference URL:<span style=\"text-decoration: underline; color: #0000ff;\"><a href=\"https:\/\/nftlately.com\/the-history-of-bitcoin-nfts-a-step-by-step-timeline\/\" style=\"color: #0000ff; text-decoration: underline;\">The History of Bitcoin NFTs \u2013 A Step-by-Step Timeline<\/a><\/span><\/p>\n<p>&nbsp;<\/p>\n<h2>Click here for related products and services<\/h2>\n<p style=\"text-align: center;\"><strong>1.GMO Internet Group&#8217;s [GMO Coin].<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=2ZAD2D+33C92Q+3VI8+67RK1\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www25.a8.net\/svt\/bgt?aid=180202405187&amp;wid=009&amp;eno=01&amp;mid=s00000018080001044000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www15.a8.net\/0.gif?a8mat=2ZAD2D+33C92Q+3VI8+67RK1\" alt=\"\" \/>\n<p style=\"text-align: center;\"><strong>2.Ledger cryptocurrency hardware wallet<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=2ZAD2D+33XOOI+3CWI+BZGEP\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www20.a8.net\/svt\/bgt?aid=180202405188&amp;wid=009&amp;eno=01&amp;mid=s00000015669002013000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www19.a8.net\/0.gif?a8mat=2ZAD2D+33XOOI+3CWI+BZGEP\" alt=\"\" \/>\n<p style=\"text-align: center;\"><strong>3.Complete tedious virtual currency profit and loss calculations in an average of 10 seconds.\u3010Cryptact\u3011<\/strong><\/p>\n<a href=\"https:\/\/px.a8.net\/svt\/ejp?a8mat=3T6T17+6EEU7E+4DGW+609HT\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"300\" height=\"250\" alt=\"\" src=\"https:\/\/www29.a8.net\/svt\/bgt?aid=230424955387&amp;wid=004&amp;eno=01&amp;mid=s00000020408001009000&amp;mc=1\" class=\"aligncenter\" \/><\/a> <img loading=\"lazy\" decoding=\"async\" border=\"0\" width=\"1\" height=\"1\" src=\"https:\/\/www16.a8.net\/0.gif?a8mat=3T6T17+6EEU7E+4DGW+609HT\" alt=\"\" \/>\n<!--CusAds0-->\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>History of Bitcoin and NFTs \u3000The relationship between Bitcoin and NFTs (non-replaceable tokens) actually dates&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[411354],"tags":[411415],"class_list":{"0":"post-269679","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin-nft","8":"tag-bitcoin-nft-history-en","9":"article cf"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=269679"}],"version-history":[{"count":2,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269679\/revisions"}],"predecessor-version":[{"id":269681,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/269679\/revisions\/269681"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=\/wp\/v2\/posts\/1"}],"wp:attachment":[{"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=269679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=269679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.singapore-startup.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=269679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}