Bitcoin Blockchain Upgrade Timeline: Your Essential Guide
With over $4.1B lost to DeFi hacks in 2024 alone, investors and developers alike are keen on understanding the nuances of security and updates in blockchain technology, particularly in Bitcoin. As the longest-standing cryptocurrency, Bitcoin’s upgrade timeline plays a critical role in ensuring its robustness and viability in the ever-evolving digital asset landscape.
Understanding the Significance of Bitcoin Upgrades
Bitcoin is often likened to a digital gold standard; however, just like traditional banking systems, it requires regular updates to address emerging threats and enhance functionality. Each upgrade is an essential step in ensuring the network remains secure and efficient, embodying the principles of innovation and resilience.
A Brief History of Bitcoin Upgrades
- 2009: Bitcoin is launched by Satoshi Nakamoto.
- 2015: Introduction of Segregated Witness (SegWit), aimed at scaling the network.
- 2021:
