In the spirit of celebrating Bitcoin’s stunning growth and commemorating Bitcoin Pizza Day 2024, the Crypto Bootcamp Community (CBC) has set out to educate thousands of cryptocurrency enthusiasts across Africa about BTC and blockchain technology.
What is Bitcoin Pizza Day?
Bitcoin, the largest cryptocurrency by market capitalization was introduced in a white paper in 2008 by an individual or group of individuals with the pseudonym Satoshi Nakamoto. In early 2009, the genesis block on the Bitcoin network was mined, marking the launch of the first-ever digital currency that operates on a peer-to-peer (P2P) decentralized network. Although blockchain technology existed before 2009, the invention of BTC by Nakamoto marked the mainstream adoption and first implementation of the distributed ledger technology.
However, BTC traded on no platform and had negligible adoption and zero value in its early years until 2010, when Laszlo Hanyecz created history for implementing the actual use case of BTC as a payment method. On May 22, 2010, Hanyecz, a computer programmer, paid 10,000 BTC for two St John’s pizzas valued at $41 hence, the tag Bitcoin Pizza Day.
This transaction marked the first well-known usage of BTC to purchase a physical item despite many claiming the programmer wasted the assets, citing BTC’s rise to an all-time high of over $73,000. Since then, Bitcoin Pizza Day has been celebrated on May 22 each year by the crypto community to commemorate the first documented commercial transaction using bitcoin. The annual event serves as a reminder of the crypto asset’s humble beginnings and how far it has grown in value and adoption.
Read Also: What is Bitcoin (BTC) and why is it important?
CBC Bitcoin Education Initiative
Beyond the festivity surrounding this significant event in the crypto community’s calendar, the Crypto Bootcamp Community has always seen Bitcoin Pizza Day as an avenue to educate people about cryptocurrency and the innovations in its ecosystem.
This gave birth to the fast-rising industry event —Bitcoin Pizza Day Hangout— pioneered by CBC, a Nigeria-based blockchain community founded by Obinna Iwuno. CBC single-handedly hosted the first Bitcoin Pizza Day Hangout in 2022 in 18 cities, reaching 3,000+ people.
Following the success of the groundbreaking event, several companies and projects partnered with CBC to host the hangout in 31 cities worldwide, reaching an audience of 4,000+ crypto enthusiasts. Focused on empowering and networking the world through cryptocurrency and blockchain education, CBC has teamed up with BitFi and several partners to educate 5,000+ people on Bitcoin Pizza Day Hangout 2024.
To be hosted in 10+ cities across Africa, the exciting event will feature seminars from industry experts, enlightening panel sessions, exhibitions, workshops and free pizzas. To register and learn more about CBC’s Bitcoin Pizza Day Hangout 2024, visit here.
Reacting to the development, CBC Founder Obinna Iwuno said:
Bitcoin Pizza Day is the most significant event after Satoshi Nakamoto invented BTC and implemented blockchain technology. Being the first implementation of blockchain technology, the launch of Bitcoin has revolutionized the finance sector, giving access to people who are unbanked and excluded financially as well as facilitating cross-border transactions easily, faster and even cheaper. Also, the emergency of Bitcoin has unlocked limitless possibilities, enabling anyone to introduce incredible innovations beyond cryptocurrency. To this end, CBC leverages its annual Bitcoin Pizza Day Hangout hosted in several countries to sensitize and educate thousands of cryptocurrency enthusiasts across Africa.
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