10 years ago the genesis block

On January 3, 2009, exactly ten years ago, a person or a group of people under the pseudonym Satoshi Nakamoto launched the main network of the first cryptocurrency, extracting the genesis-block with 50 Bitcoins.

Note that the launch of the network was preceded by the publication of white paper (October 31, 2008).

The crisis of 2020 and the arms race Bitcoin: where were the world and the first cryptocurrency 10 years later https://t.co/Xyi2wIk7my # Bitcoin # SatoshiNakamoto pic.twitter.com/zQ12sUXD1F

– BlockchainJournal (@BlockchainJournal) October 31, 2018

The personality of Satoshi Nakamoto and the motives for creating Bitcoin still remain a mystery, which they are trying to unravel outside the community. Nevertheless, the fact that the hash of the genesis block of the first cryptocurrency contains the title of the article “ Chancellor on the second bailout for banks ” from the British edition of The Times may indicate that the global financial crisis of 2008 and the policy of redeeming the debts of large banks States were one of the incentives of Nakamoto.

On this significant day for the community, the BitMEX exchange decided to thank the creator of Bitcoin on the front page of the same The Times, having bought the advertising space.

Happy 10th Birthday, Bitcoin! Celebrating the this is BitMEX momentous occasion with a piece by @CryptoHayes on changes in modern money [ https://t.co/aX3RepQQGK ], and the post by a @BitMEXResarch speculating on the effect of the mass of the Bitcoin Adoption [ https: // t.co/PE1Zm15eym ]. pic.twitter.com/XV5GvApZFM

– BitMEX (@BitMEXdotcom) January 3, 2019

"We are indebted to you."

The first bitcoin transaction took place on January 12, 2009 – Satoshi Nakamoto sent 10 BTC to Hala Finney. Three days before this, Bitcoin 0.1 was released.

Note that in 2018, the solution of the second layer of the Lightning Network was actively developing in the Bitcoin network. In addition, due to the activation of the Segregated Witness protocol and batching, blocks of more than 2 MB were mined last year.

It is noteworthy that Bitcoin and other cryptocurrencies first hit the pages of the final G20 declaration. At the same time, such giants of the world of finance as the Intercontinental Exchange and Fidelity Investments , despite the tough market drawdown , began developing infrastructure for institutional investors, strengthening the status of Bitcoin.

To date, the weighted average rate of the first cryptocurrency is at $ 3,900, and the market capitalization of the flagship is about $ 68 billion.

In addition, the Proof Of Keys promotion is scheduled for today, within which users will try to withdraw all their bitcoins from trading platforms to the purses controlled by them.

Let's start a new #Bitcoin cultural tradition.

Declaring a monetary sovereignty by the withdrawal of all the bills at a ys w keys keys.

Who is w / me? ? https://t.co/sJhOYSjStH pic.twitter.com/ve9DBsQhh9

– Trace Mayer [Jan / 3➞₿?np] (@TraceMayer) December 9, 2018

Happy Genesis Block Day!

Recall that in the summer of 2018 another candidate appeared for the position of Satoshi Nakamoto. An unknown person who published the text of “Duality” on the website nakamotofamilyfoundation.org, promised to answer all the questions concerning the crypto community in his book. At the same time, stylometric analysis confirmed that the anonymous author may indeed be the creator of Bitcoin.

Subscribe to BlockchainJournal on Facebook !