For more than a decade, the bright orange logo of Bitcoin (BTC) has become synonymous with financial freedom amid the modern recession and tight government oversight. However, unlike the mysteries of Bitcoin’s origins, the development of the Bitcoin ‘₿’ logo is well documented in the depths of the internet.
When Bitcoin was introduced 13 years ago by its creator Satoshi Nakamoto, the first iteration of the Bitcoin logo featured a gold coin with text ‘BC’ embedded in the center, as shown below.
However, on February 24, 2010, Satoshi Nakamoto came up with a new Bitcoin logo, in which “₿” replaced the text “BC” embedded in the gold coins.
Based on feedback from the public, Satoshi then made changes to the new logo and released the royalty-free images to the public domain. The logo was then adopted 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 forms based on public consensus, including logo design. On November 1, 2010, a member of the Bitcoin bitboy community released 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 tiled the “₿” logo 14% clockwise.
Thanks to the massive support of the public, the bitboy design has become the official logo of Bitcoin for the past 12 years. After releasing the final version of the Bitcoin logo, bitboy said:
“Now anyone can use the graphics freely, even for commercial purposes, thanks to this license and without being 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 ₿.
Read also: Bitcoin Ecosystem Makes a Strong Return in ATM Installations Worldwide
Bitcoin ATM installations rose sharply in June after seeing a steady decline during 2022.
The graph above shows that the May 2022 decline reached a range last seen in 2019. Over the past two years, in 2020 and 2021, bitcoin ATM installations have increased significantly due to more welcoming regulatory landscapes, in an enriched market in which enough. cryptocurrencies have reached the highest levels for some time.