Bitcoin Logo PNG
Bitcoin—the emblem used by its virtual payment unit—demonstrates the evolution of the world’s payment systems. The identification system, namely the Bitcoin logo, demonstrates its recognizability, stability, and reliability, which reflect its similarity to the dollar sign.
Bitcoin: Brand overview
Bitcoin is a peer-to-peer payment system and virtual payment unit created by Satoshi Nakamoto in 2009 in Japan.
Meaning and History
Compared to other cryptocurrencies, bitcoin is the most sought-after and widespread. Today, it is included in the Unicode standards under its unique number. It is also included in the original logo, which consists of two parts: textual (the system’s name) and graphic (the BTC symbol).
However, before becoming the basis of the authentic emblem, they underwent several separate modifications. For example, at first, the designation of the unit of account resembled the Thai baht – the capital letter “B” crossed vertically with a single line. However, when the community realized this was a stable and reliable cryptocurrency, its sign began to look like “B” with two vertical lines – like a dollar. The letters “BC” – short for “bitcoin” – were also used simply.
What is Bitcoin?
Bitcoin is a peer-to-peer cryptocurrency and decentralized payment system that uses this unit of currency. It was introduced in 2008 by an unknown person (or group of people) named Satoshi Nakamoto and put into circulation in 2009. Bitcoins are mined by mining or exchanging in a peer-to-peer network without intermediaries.
2009 – 2010
2010
2010 – today
Bitcoin: Interesting Facts
Bitcoin is a special kind of money called cryptocurrency that started in 2009. It was made by someone named Satoshi Nakamoto, but no one knows who he is.
- Who Made It? We don’t know who created Bitcoin. They used Satoshi Nakamoto, but it’s still a big mystery.
- The First Bitcoin Block: In 2009, Nakamoto created the very first Bitcoin block, the Genesis Block. The block contains a message about banks needing money from the government, which suggests that Nakamoto might not trust banks much.
- Buying Pizza: In 2010, the first thing ever bought with Bitcoin was two pizzas, which cost 10,000 Bitcoins! People celebrate this on May 22, calling it “Bitcoin Pizza Day.” Those Bitcoins are worth a lot more now!
- There Can Only Be So Many Bitcoins: There can only be 21 million. This limit ensures the cryptocurrency doesn’t lose value due to having too many, like rare gold.
- How It Works: Bitcoin doesn’t need banks or a middleman. It uses blockchain technology, which makes it safe and allows everyone to have a say in its operation.
- Making More Bitcoin: People make new Bitcoins by mining, which means using computers to solve hard puzzles. Every four years, making Bitcoins harder in an event called “halving” makes them rarer.
- It Uses a Lot of Power: Mining Bitcoin requires a lot of electricity, like a whole country’s electricity. This has made some people worried about how it affects the environment.
- Rules Around the World: Different places have different rules about Bitcoin. Some places like it and have made rules that help people use it, while other places don’t allow it.
- Price Goes Up and Down: Bitcoin’s price greatly changes. Sometimes, it’s worth a lot more, and sometimes less. This happens for different reasons, such as people guessing its value or creating new rules.
- Inspiring Others: Bitcoin has created many other types of cryptocurrencies, like Ethereum and Litecoin. Each one has its special features.
Bitcoin is not just about money; it shows how we can use technology to handle money differently without needing banks. It’s still new and changing; many people are excited to see where it goes.
Font and Colors
When the project started to gain popularity and become successful, there was an urgent need for its symbolism. It was necessary to represent something that was not similar to any of the competing virtual systems. Then, Satoshi Nakamoto presented the first version of the logo to the world. In February 2010, he published the design on the BitcoinTalk forum and suggested that one bitcoin corresponds to 100 million satoshis. Then, the forum visitors expressed their assumptions on this matter.
As a result, the discussion participants came to a collective opinion: the emblem must meet certain criteria to prevent fraudsters from copying and duplicating it. At first, the basic structure of the BTC emblem consisted of three elements: a rectangle, a small circle, and a curved line. Later, Nakamoto tweaked the official symbol by adding two vertical strokes – a dash at the top and bottom. Bitboy created the current version.
The numerical designation for the “B” block is an eight (8). The pair of lines at the top and bottom of the capital letter should be associated with the dollar. But if you look closely, you will notice that the stroke on the icon is incomplete and different from the dollar stroke. Because of this, the graphic looks as if the letter “B” is superimposed on the “$” and overlaps it. This technique has a special interpretation: it is time to replace the old currency with a new one – bitcoins.
The inscription “bitcoin” in the text part is slanted in lowercase letters. The font is smooth, without serifs. The characters “i” have the same height as “t,” with half of the horizontal stroke cut off. The “b” and “t” tops are cut at an angle to the left, and the pointed ends are cut to the right. Initial attempts to incorporate the distinctive BTC mark into the Unicode system were unsuccessful. However, in late 2015, bitcoin was officially registered and received its symbol.
The cryptocurrency’s palette consists of several colors. The inscription can be white or gray, the designation of the virtual unit of account is only white, the coin is orange, and the background is black or white. The yellow-orange color scheme is perceived naturally, as it is associated with the shine of gold.
FAQ
What is the symbol of Bitcoin?
In the first years of Bitcoin, its symbol was the abbreviation BC, formed from two bases: bit (unit of digital information) and coin (money sign, coin). Then, a symbol appeared as a single letter B with two short strokes at the top and bottom, similar to the vertical line of a dollar—$. On the exchange, this cryptocurrency is traded under the ticker BTC. There is also a variant called XBT.
Who owns the Bitcoin logo?
The Bitcoin logo belongs only to the payment system of the same name. Its actual owner is considered to be Satoshi Nakamoto – the creator of the cryptocurrency. However, since he designed the logo for everyone, it has no real owner. It, too, is “decentralized” and is used both for the website and to denote the currency.
Who designed the Bitcoin logo?
The authors of the Bitcoin logo are two people. Satoshi Nakamoto (the creator of this cryptocurrency) presented the first version he designed in 2008. Later, it was finalized by Bitboy enthusiasts and brought to the standard used today.
Why is the Bitcoin logo orange?
The design of the modern Bitcoin logo was invented by a member of a crypto-enthusiast forum who was asked for advice by Satoshi Nakamoto, the creator of this digital currency. The stranger, who went by the nickname Bitboy, was inspired by the MasterCard logo and used a circle of orange in analogy with it. This palette is considered a marketing palette. According to the hex code, it is #F6911D; according to Pantone, it is 1495 C.
