January 23, 2022

Happy Genesis Block Day!

Happy Genesis Block Day!

Exactly 13 years ago - January 3, 2009 - Satoshi launched the Bitcoin network, mining the first block in the blockchain.

In contrast from subsequent blocks in the chain, rewardcoins from the Genesis block cannot be spent, since only publicly mined coins can be transferred. The first real block was mined on January 9, which marked the real start of the network. And the coins mined from it were transferred to Hal Finney on January 12.

The official white paper of the first cryptocurrency was released earlier, on October 31, 2008.

A copy of the email held by the Nakamato Institute notes:

I have developed a new, fully peer-to-peer electronic money system that does not need a trusted third party.

In October 2009, Bitcoin received its first official valuation. New Liberty Standard, one of the first BTC exchanges, set a reference price for Bitcoin at 1,309 BTC for $ 1.

BTC has come a long way from the darkweb cryptocurrencymarketplaces and $ 1 pricing before venture funds, corporate reserves, and a recognized hedging instrument. Last year, the first cryptocurrency peaked at $ 69,000 and capitalized above a trillion.

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