- Bitcoin saw many different milestones during 2021, including surpassing $1 trillion in market value
- LQwD launched its PaaS, lqwd.tech, on November 17, amidst the Adopting Bitcoin – A Lightning Summit in El Salvador
- The Lightning Network has seen explosive growth since January 2021
- LQwD’s corporate and operational update highlights several of the company’s achievements regarding funding, agreements to drive Bitcoin adoption and own Bitcoin deployment to procure additional Lightning Network nodes and provide liquidity for the platform
Bitcoin was officially launched 13 years ago on January 3, 2009, by Satoshi Nakamoto, the pseudonym used by the person or persons who created the cryptocurrency, wrote and published a dedicated white paper on the topic and deployed its initial implementation. As the world’s oldest cryptocurrency is celebrating its 13th anniversary, it does so after a period of significant achievement, with multiple major milestones and firsts attained in 2021 (https://ccw.fm/TG9xq). These milestones include:
- Surpassing $1 trillion in market value – On February 19, 2021, bitcoin hit a $1 trillion market value for the first time
- Becoming the legal tender of El Salvador – The state’s authorities passed a new law to that effect in June 2021
- Launch of the first U.S. futures-based bitcoin ETF – In October, the ProShares futures-based bitcoin ETF made its market debut on the NYSE under the ticker “BITO”
- Bitcoin pricing hitting an all-time high – In November, the price of bitcoin achieved a new record, reaching over $69,044, according to CoinGecko
- 90% of the total bitcoin supply having been mined – As of December 2021, 90% of the total bitcoin supply has been mined, but the remainder of the coin is not expected to be mined until February 2140
- First bitcoin upgrade in four years – The first upgrade to bitcoin since 2017 happened in November 2021 and was named Taproot
Leveraging the growing popularity of cryptocurrency is LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF), a fintech company focused on creating enterprise-grade infrastructure to drive bitcoin adoption by…
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