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Vitalik Buterin released the Ethereum white paper, proposing a generalized blockchain for decentralized applications and sensible contracts. This signaled state-level investment in blockchain’s position in monetary infrastructure. El Salvador turned the first nation to declare Bitcoin legal tender alongside the us dollar. The collapse became a defining moment in the industry’s reckoning with danger and transparency Weeks later, the President signed a separate govt order to create a Strategic Bitcoin Reserve and a U.S.

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