Bitcoin is the name of the most famous cryptocurrency in the world. It is a virtual currency. Unlike the U.S. dollar or the euro, it is not backed by material resources. Bitcoin runs on a special system, named Blockchain. The cryptocurrency was invented in 2009 by Satoshi Nakamoto.
Bitcoin is cryptocurrency and Cryptocurrency is a type of digital currency. It is not managed by the government or banks.
Whereas usual money is stored in banks and virtual currencies on the servers of various companies, all information about cryptocurrency is stored in a blockchain. Blockchain is simply a storage system, like Excel, Google Docs, or even a simple notebook. The blockchain stores the entire list of transactions for the entire time of bitcoin’s existence.
That was a bit of theory. Now let’s check the most famous cryptocurrency Brand in the world. Bitcoin became synonymous with virtual money and its logo is known by people from all over the globe, even those who barely understand the meaning of crypto.
What is Bitcoin?
Bitcoin is the pioneering cryptocurrency, which was created in 2009 by Satoshi Nakamoto. Today this name has become synonymous with cryptocurrency in general, being a symbol of the new economy, and the new era in history.
The initial Bitcoin logo was introduced in 2009 and stayed in use for a few months. It was a friend’s gold coin with the “BC” lettering on it. Simple and even naive design. Two capitals were executed in a traditional bold sans-serif typeface with clean contours and straight cuts. The gold and yellow color palette of the badge made the logo resemble a real metal coin.
After a few months, the logo was redesigned and this is when the iconic “B” symbol was first created. The letter “B” with two vertical lines was now placed on a cleaned and refined gradient gold circle, just like the one from the previous version, but with more gloss and distinction. The new signifier made the currency look like a real one, equal to the US dollar, Euro, or any other.
At the end of 2010, the Bitcoin logo was redesigned again — the “B” was now white and placed diagonally in a plain orange coin. The design became completely flat and all the gradients were gone. The new color orange and the white color palette is a representation of energy and growth, of progress and motion. The white serif “B” with two vertical strokes crossing it looks solid and evokes a sense of loyalty and professionalism.
“8” serves as a numeric sign for “B” (for Block). 12.5% also symbolizes “8” and “B” (it is an eighth).
What about the two vertical strokes? The first thing, they are supposed to evoke the US dollar. However, if you take a closer look, you will notice that they can only be seen above and below the “B,” while the stroke on the dollar sign is different. Because of this, it looks as if the “B” has been placed over the “$.” This symbolizes that the old international currency – the dollar – has been replaced by Bitcoin.
The first attempt to include the sign in the Unicode system in 2011 failed. However, in late 2015, the Bitcoin received its symbol in the Unicode standard. Before that moment, users borrowed symbols that bore some resemblance to the Bitcoin symbol, for instance, the Thai Baht or the capital “B” with a short horizontal stroke.
Today, the sign is included in Unicode 10.0 (code point U+20BF) and has font supports across a variety of software releases, from iOS and Android O beta to some of the Linux products.
The sign itself is typically given in white on the orange background, while the wordmark is light grey. The 3D version features various shades of yellow. The yellow and orange color theme seems to be perfectly natural as it evokes gold.
Who owns the Bitcoin logo?
The Bitcoin logo is as decentralized as the cryptocurrency itself. It does not belong to someone in particular but is owned by the Bitcoin cryptosystem. The badge is used both for the demotion of the currency, and for the websites and applications, connected to Bitcoin.
Who designed the Bitcoin logo?
The logo for Bitcoin was designed by Satoshi Nakamoto, the creator of Bitcoin. The badge was introduced in the same year as the cryptocurrency itself, in 2009. A bit later the logo was refined by Bitboy, q member of the online community, with the contours and lines becoming more powerful and professional.
Why is the Bitcoin logo orange?
Orange was chosen for the visual identity of Bitcoin, as the most powerful marketing shade, as its creators were inspired by the MasterCard visual identity, considering its badge one of the most successful in history. Orange stands for energy and motion, brilliantly representing the currency of the new generation.