- Muneeb Ali and Ryan Shea met at Princeton University’s Computer Science department in 2013 and decided to start a long journey of solving critical problems of today’s internet.
- Went through Y Combinator in summer 2014, and raised a round of seed investment led by Union Square Ventures, with participation from Naval Ravikant, SV Angel, and others.
- Launched a decentralized identity system, one of the first non-financial applications utilizing blockchain technology that allowed users to own an identity without any trusted third party.
- Released initial design of Blockstack and R&D work began on scalable blockchains, peer-to-peer systems, and potential solutions for long-term storage.
- Launched the Blockchain Naming Service (BNS), introduced blockchain virtualization tech, and scaled the team to 4 core contributors.
- Released three peer-reviewed papers being accepted and published by venues like USENIX, The Advanced Computing Systems Association.
- Started meetups for Blockstack’s technology in various cities around the world and the developer community grew to over 1000.
- R&D work on the core infrastructure finished and Blockstack raised a $4 million Series A funding round led by USV, with participation from Lux Capital, Digital Currency Group and others to fuel growth of the developer ecosystem.
- Released the first version of Blockstack Authentication, which allows users to sign in to decentralized applications with one click.
- Publicly published the Blockstack Whitepaper.
- Released the alpha developer platform, including a developer release of the Blockstack Browser and decentralized storage system.
- Held the Blockstack Summit at the Computer Science Museum in Mountain View.
- Announced the Stacks Token and Mining System.
- Launched the Signature Fund for decentralized applications built on Blockstack. Received 150+ submissions in the first week.
- Converted Blockstack Inc to Blockstack Public Beneficiary Corp (PBC) with a mission to enable an open, decentralized internet.
- Launched the Signature Bounty Program with the Encrypted Token Portfolio Bounty.
- Released the Token Whitepaper and token sale details.
- Released the Public Alpha of the Blockstack Browser.
- Conducted a token sale which resulted in ~$50 million total raised, and over 800 accredited investors, qualified purchasers, and institutions participating.
- Announced a $50,000 bounty to Decentralize Communication.
- Released Multiplayer Storage, a major upgrade to the Gaia storage network.
- Held Blockstack Berlin, with Edward Snowden as the keynote speaker.
- Released the Stacks blockchain testnet.
- Announced the $50,000 Universal Wallet Bounty in partnership with ShapeShift.
- Launched App.co, the Universal Store for decentralized applications.
- Released the developer Alpha of Blockstack iOS and Android SDKs.
- Released a new mobile-friendly onboarding flow for mobile and desktop apps.
- Release of the Stacks wallet and security reviews of the Stacks blockchain.
- Improvement of authentication & on-boarding for Blockstack apps.
- Decentralizing the World Tour announced with 31 global meetups.
- Launch of developer documentation portal: docs.blockstack.org.
- Launch of the Stacks Blockchain genesis block and Stacks Token.
- Release of the new Stacks blockchain design and start of Rust implementation.
- Release new Stacks Explorer and Wallet.
- Payments made to first cohort of app development teams registered for App Mining.
- Addition of social and cross-app data sharing functionality to Gaia.
- Launch of web extensions as an additional form factor for the Blockstack app/browser.
- Launch of Gaia as independent project with improved developer resources.
- Launch of iOS and Android apps for Blockstack authentication.
- Ability to publish/authenticate apps and storage via Blockstack Naming System vs. DNS.
- Release specification for smart contracting language and virtual machine.
- Hardfork to new consensus algorithm: Simple client verification, higher throughput with lower latency, and smart contracts.
- Start first community-powered election for App Reviewers.
- Ability to create app-specific economies through app coins.
- Full launch of App Mining after Pilot Run and Beta periods.
Last updated: October 29, 2018
This webpage contains forward-looking statements, including statements regarding Blockstack PBC’s plans for the Stacks token and blockchain. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially, and reported results should not be considered as an indication of future performance. Potential risks and uncertainties that could change our actual results include, but are not limited to, risks associated with: the failure of Blockstack to successfully launch the genesis block; technical obstacles in further developing the Stacks blockchain and potential failure of its underlying technology; the failure of Blockstack to successfully launch web extensions; technical obstacles in further developing and launching the iOS and Android apps for Blockstack authentication; the ability to begin the first community-powered election for App Reviewers; risks associated with attacks designed to influence App Reviewers or game their methodologies; and the ability to create and the effectiveness of establishing app-specific economies through app coins. These forward-looking statements speak only as of the date hereof. Blockstack PBC disclaims any obligation to update these forward-looking statements.