INESTIMABLY IMPORTANT EVENT. “It has been suggested that cyanobacteria raised oxygen levels in the atmosphere around 2.45–2.32 billion y ago during the Great Oxidation Event (GOE), hence dramatically changing life on the planet. The far-reaching impact of the GOE cannot be emphasized enough: it changed Earth’s history by enabling the evolution of aerobic life.”
http://www.pnas.org/content/110/5/1791.full