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Interesting Crypto events in AUGUST

All Cryptocurrencies

by COINS NEWS 48 Views

The Crypto space is filled with interesting moments, here is a taste of what's happened in the month of August.

  1. August 2015: Ethereum, a decentralized platform for creating and executing smart contracts, was launched via a public crowd sale.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.

submitted by /u/teeceaustralia
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