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The Bitcoin Foundation has been launched

By on September 27, 2012

Forbes reports the launch of the much awaited – The Bitcoin Foundation.

The Bitcoin Foundation mission leads to the early specific goals of financially sponsoring the efforts of the core development team, funding core infrastructure such as a test network and a DNS seed node, publishing a set of best practices for bitcoin integration, coordinating responses to business and media inquiries, and organizing an annual bitcoin conference with the first one being held in Silicon Valley.

Initial board members include Gavin Andresen, Mark Karpeles, Jon Matonis, Patrick Murck, Charlie Shrem, and Peter Vessenes.

As both a payments platform and a nonpolitical unit of account, Bitcoin has already seen astonishing growth in just over three years. Bitcoin’s total base money supply is currently valued at $125 million. Number of transactions has gone from 219 in 2009 to 4,964,513 year-to-date in 2012. The value of bitcoins transferred per year has gone from 35 trillion BTC to 60,896 trillion BTC. And, the network hashing rate, which is a measure of computational speed or horsepower, has increased from 0.008 Giga hashes per second in December 2009 to 19,284 Giga hashes per second in September 2012, thereby making it the largest distributed computing project in the world today in terms of processing performance. (Source: State of the Coin 2012)

There are various membership levels for The Bitcoin Foundation. Annual individual membership is 2.5 BTC with a 25.0 BTC lifetime option; corporate membership is 500 BTC for silver tier, 2,500 BTC for gold tier, and 10,000 BTC for platinum tier. If you are serious about being a part of this new disruptive digital currency, then you should sign up!