Bitcoin Series (7) - Mt.Gox Exchange Launched

1. Creation time: July 2010.

2. Creator: Originally built by Jed McCaleb, it was sold to French developer Mark Karpeles living in Japan in March 2011.

3. Glorious period:

- Market share leader: In the early stages of Bitcoin development, Mt.Gox rose rapidly due to the scarcity of trading platforms in the market. By mid-May 2013, its daily trading volume reached 150,000 Bitcoins. By the end of 2013, it occupied more than 70% of the global Bitcoin trading market share, becoming the world's number one Bitcoin trading platform.

- Huge influence: The development of Mt.Gox has attracted the attention of many Bitcoin investors. Its trading situation has an important impact on the trend of Bitcoin prices. It has a strong voice and influence in the field of Bitcoin trading.

4. Significance:

- Promote the development of Bitcoin transactions: Mt.Gox is the world's first Bitcoin exchange with great influence. Its emergence provides a centralized and convenient platform for Bitcoin transactions, making Bitcoin transactions more standardized and large-scale, and has a milestone significance in the development history of Bitcoin.

- Ring the alarm bell for security: In 2014, Mt.Gox went bankrupt due to hacker attacks and other reasons, and lost a large amount of Bitcoin. This incident brought a huge impact to the entire cryptocurrency market, and also made people realize that the security issues of exchanges are crucial, prompting the industry to pay more attention to the security construction and supervision of trading platforms.