Enthusiasts are still creating new logos for Bitcoin, but the BTC community has yet to find a symbol that comes close to the beloved orange.

The bright orange Bitcoin (BTC) logo has, for over a decade, become synonymous with financial freedom amid the modern recession and strict government oversight. However, unlike the mysteries surrounding the origin of BTC, the development of the Bitcoin logo is well documented in the depths of the Internet.

BTC Logo History

When BTC was introduced 13 years ago by its creator Satoshi Nakamoto, the first iteration of the Bitcoin logo depicted a gold coin with “BC” text embedded in the center.

However, on February 24, 2010, Nakamoto introduced a new Bitcoin logo, replacing the “BC” text with the current symbol, a “B” with two vertical lines through it, embedded in the gold coin.

Based on community feedback, Satoshi made changes to the new logo and released the copyright-free images into the public domain. The logo became accepted 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 a variety of ways based on community consensus, including logo design. On November 1, 2010, a member of the Bitcoin community, bitboy, published 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 tilted the BTC logo 14% clockwise.

As a result of overwhelming community support, the bitboy design has remained the official Bitcoin logo for the past 12 years. After publishing the final version of the Bitcoin logo, bitboy stated that, “Now everyone can use the graphics freely, even for commercial purposes with this license and without any restrictions.”

Enthusiasts continue releasing new logos for Bitcoin to date, but the BTC community has yet to come across a symbol that comes close to the beloved orange.

BTC Update

Bitcoin is decentralized. Tens of thousands of nodes work all over the world. Operating a node is easy; it is enough to have a computer connected to the internet for an hour and a few hundred gigabytes of storage.

In 2017, these nodes vetoed a controversial change in Bitcoin that would have increased the centralization of the network by making it difficult for ordinary people to manage a node. In doing so, they imposed themselves on the majority of Bitcoin miners, exchanges, and other powerful legacy players.

Bitcoin ATM installation saw a strong recovery in June, after witnessing a steady decline throughout 2022.

The May 2022 crash hit a range last seen in 2019. Over the past two years, in 2020 and 2021, Bitcoin ATM installation grew steadily due to friendlier regulatory environments amidst a rewarding market when numerous cryptocurrencies momentarily hit their all-time highs.

By Audy Castaneda


Please enter your comment!
Please enter your name here