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The History of the Internet in a Nutshell

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  • The History of the Internet in a Nutshell

The First Growth (1960s-1970s) .
• 1960s: J.C.R. MIT’s Licklider has the concept of an “intergalactic computer network.”
• 1969: ARPANET launched in the U.S.; Funded by the Department of Defense, it became the first operational packet-switching network, sending its first messages from UCLA to Stanford
Extensions and Standards (1980s).
• 1983: ARPANET adopts the TCP/IP protocol, becoming the standard for exchanging data on the Internet.
• 1984: The Domain Name System (DNS) is introduced, creating a user-friendly way to access websites by using domain names instead of numeric IP addresses
• Late 1980s: Networks such as NSFNET in the US. helps to expand services, and connects more academic research institutes.
The birth of the modern Internet (1990s) .
• 1991: Tim Berners-Lee of CERN introduces the World Wide Web (WWW), providing Internet access to the general public through web browsers and browsers
• 1993: The first widely used web browser, Mosaic, is released, helping to popularize the web.
• 1995: Trade restrictions are lifted, allowing commercial use of the Internet. Great companies like Amazon and eBay were founded.
The dot-com boom and bust (late 1990s-early 2000s)
• Late 1990s: The rapid growth of Internet-based companies (dot-coms) leads to capital investment and a dot-com bubble.
• 2000: The bubble burst, sending the market into a sharp decline but also allowing for sustainable Internet services.

Web 2.0 and Social Media (2000-2010s) .
• 2004: The launch of Facebook, followed by other social media platforms such as YouTube (2005), Twitter (2006), and Instagram (2010), changed the way people communicate online
• 2007: The launch of the iPhone ushered in the mobile internet revolution, improving the web.
Modern Internet (2010-present) .
• 2010s: The rise of cloud computing services such as AWS, Google Cloud, and Azure, provide a wealth of scalable online services and apps.
• 2010s-present: Increased focus on cybersecurity, data privacy, net neutrality, and the digital divide.
• 2020s: Technological advances such as AI, 5G, and the Internet of Things (IoT) are expanding the capabilities of the Internet and increasingly incorporating it into everyday life.
Throughout its history, the Internet has evolved from a small research computer into a ubiquitous global platform that is central to modern life.
The beginning of Bitcoin
Growth and Creativity (2008-2009) .
• 2008: An individual or group using the pseudonym Satoshi Nakamoto publishes a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” This paper outlines the principles and technologies of decentralized digital currencies, with an emphasis on peer-to-peer transactions, cryptographic security and blockchain, the public ledger
Genesis section is the first development
• February 3, 2009: Nakamoto mines the first block of the Bitcoin blockchain, known as the “Genesis Block” or “Block 0”. The section contained a cryptic message: “The Times 03/Jan/2009 Chancellor on the verge of second bailout for banks,” referred to The Times newspaper headline This is often interpreted as a criticism of the existing monetary policy of the old.

• February 12, 2009: The first Bitcoin transaction takes place, with Nakamoto sending 10 bitcoins to computer scientist Hal Finney, an early backer and sponsor of the project
Early Development and Adoption (2009-2010) .
• 2009: Nakamoto releases the first bitcoin software, and the bitcoin network begins to grow as more users join and start mining.
• 2010: Bitcoin’s first known trade is when programmer Laszlo Hanekz pays 10,000 bitcoins for two pizzas. The event, dubbed “Bitcoin Pizza Day,” highlights the potential of Bitcoin as a medium of exchange, even though 10,000 bitcoins will later be worth millions
Reform and extended adoption (2010-2011) .
• 2010: Satoshi Nakamoto continues to work with other developers on bitcoin but gradually reduces his involvement. In December 2010, Nakamoto posts his final message on the BitcoinTalk forum and offers special services to key community members, including developer Gavin Andreessen
• 2011: Bitcoin begins to gain mainstream attention and the first cryptocurrency exchanges, such as Mount Gox, are established, making it easier for people to buy and sell Bitcoin
First major inflation and safety concerns (2011-2013) .
• 2011: The price of Bitcoin hit $1 USD for the first time, a milestone. But the network also faces challenges, such as security breaches and the emergence of Silk Road, an online black market that uses bitcoin for transactions.

• 2013: Bitcoin experienced a dramatic increase in value, reaching over $1,000 for the first time in November. This increase is attracting a lot of media attention and new investors.
Institutional Interest & Legal Review (2014-Present) .
• 2014: Mount Gox, once the largest bitcoin exchange, collapsed due to hacking and mismanagement, leading to increased scrutiny and calls for regulation
• 2017: Bitcoin reached an all-time high of nearly $20,000 in December, driven by growing institutional interest and speculative investment.
• 2020-Present: Institutional adoption continues to grow, with companies like Tesla and MicroStrategy investing in bitcoin. Regulatory frameworks are beginning to evolve around the world, and Bitcoin’s role as “digital gold” is becoming increasingly recognized.
Bitcoin’s journey from a niche digital experiment to a major financial asset has been marked by innovation, change and growing acceptance. Its creation has spurred the development of thousands of other cryptocurrencies and had a profound impact on the economy and technology.

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