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Bitcoin Genesis Block Was Mined 9 Years Ago


On January 3, 2009, at 18:15:05 an unknown person named Satoshi Nakamoto generated a bitcoin genesis block. 

In the genesis block generated 50 bitcoins. Its hash consists text «The Times 03/Jan/2009 Chancellor on brink of second bailout for banks». The phrase has taken from the title of an article in the British newspaper The Times. The article was about how the UK Finance Minister Alistair Darling forced to consider new measures to save banks in the midst of an economic crisis.

Bitcoin network launch preceded by 31 October 2008 document with the Protocol description and principle of operation of the payment system in a peer-to-peer network. According to Satoshi, work on the new payment system began in 2007.

The first bitcoin-transaction took place on January 12, 2009 - Satoshi Nakamoto sent 10 BTC to Hal Finney. Three days before this, Bitcoin v0.1 was released.

Initially, bitcoin was far from as popular as it is now, and network members could be engaged in mining on GPU. Currently bitcoin has used by millions of people around the world, it has legalized in Japan, and futures for the first cryptocurrency has represented in the largest North American derivatives markets.

To date, the capitalization of the first cryptocurrency is about $ 250 billion, and the bitcoin rate weighted average in this historic day for the bitcoin community reached $ 15,568 (data: Coinmarketcap). Only in the last year bitcoin has grown in price by more than 14 times.

Lying at the core of bitcoin, blockchain technology attracts the attention of the world's largest companies and is already quite actively used in a variety of areas. Also, the appearance of bitcoin caused a huge number of other cryptocurrencies (altcoins), the total number of which exceeds 1300.