Bitcoin, the first and most popular cryptocurrency, is recognised by its distinctive logo, a white, double-striped “B” placed on an orange circle.
However, Satoshi Nakamoto, the pseudonymous developer of Bitcoin, did not create this logo. In actuality, the Bitcoin logo underwent multiple alterations and variations to reflect the project’s progress and creativity.
In a recent X post, cryptocurrency exchange Binance shared a flashback to a pivotal event in the creation of the Bitcoin logo.
Binance stated that “14 years ago today, Satoshi Nakamoto uploaded the second iteration of the Bitcoin logo.” Eight months later, gold had become orange.
https://x.com/binance/status/1761284830963118128?s=20
The earliest version of the Bitcoin logo had a gold coin with the text “BC” embedded in the centre.
Satoshi presented a new logo on February 24, 2010, asking, “What do you think of the new icons? “Better than the old one?” he said.
This new logo resembled the gold coin he had started with, but the sign in the middle now had two vertical strokes, and unlike the Thai baht, these strokes only protruded from the top and bottom of the B, not through the middle of the letter.
In November 2010, a user named Bitboy (not to be confused with YouTuber BitBoy Crypto) unveiled a new logo based on Satoshi’s design that included various alterations. He opted to replace the gold coin with the distinctive orange circle, giving the logo a more contemporary and abstract look. He also tilted the “B” logo 14 percent clockwise.
This logo was widely embraced and adopted by the Bitcoin community, and it has since become the organization’s official and iconic emblem. The logo was placed in the public domain, allowing anybody to freely use it.
Given Bitcoin’s growth and advancement throughout time, the mystery of Satoshi’s true identity remains unknown to this day.
Martti Malmi, Bitcoin founder Satoshi Nakamoto’s longest collaborator, has released 120 pages of an email exchange between the two, providing a lot of information about Bitcoin’s early days. Despite this, the real identity of Nakamoto remains a topic of conjecture in the cryptocurrency community.
