The Crypto space is filled with interesting moments, here is a taste of what's happened in the month of August.
- August 2015: Ethereum, a decentralized platform for creating and executing smart contracts, was launched via a public crowd sale.
- August 1, 2017: Bitcoin underwent a significant network upgrade known as "Segregated Witness" or SegWit. This upgrade aimed to improve the scalability and security of the Bitcoin network by separating transaction signatures from transaction data.
- August 1, 2017: The Bitcoin network experienced a contentious hard fork, resulting in the creation of a new cryptocurrency called Bitcoin Cash (BCH). This fork was driven by disagreements within the Bitcoin community regarding the scalability and block size of the original Bitcoin network.
- August 1-2, 2018: The Ethereum network underwent a hard fork called "Constantinople." This upgrade was designed to improve the efficiency and reduce the cost of executing smart contracts on the Ethereum platform.
- August 5, 2020: The price of gold reached a new all-time high, prompting discussions about the role of cryptocurrencies like Bitcoin as a potential store of value.
- August 11, 2020: The value of the entire cryptocurrency market crossed $1 trillion for the first time in over a year, driven by a surge in Bitcoin and altcoin prices.
- August 27, 2020: The U.S. Office of the Comptroller of the Currency (OCC) issued guidance allowing national banks and federal savings associations to hold and manage cryptocurrencies on behalf of customers.
- August 2021: El Salvador became the first country to adopt Bitcoin as legal tender, allowing the use of Bitcoin for various transactions alongside the U.S. dollar.
- August 2021: The Ethereum network began transitioning from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) mechanism as part of the Ethereum 2.0 upgrade.
- August 7th 2023: Our beloved Kraken listed Moons (thank you Qptimised)
What have I forgotten for cool, interesting and or unusual moments in the Crypto space for August.
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