World's biggest cryptocurrency went live 14 years ago
Today marks the anniversary of the genesis block, which was mined on Jan. 3, 2009, at the height of a global financial crisis.
The Bitcoin genesis block was launched by the infamous Satoshi Nakamoto, whose real identity remains unknown.The genesis block was the very first one on the Bitcoin blockchain and marked both the beginning of a new era in decentralized digital money and the launching of quite possibly one of the most revolutionary inventions of this century.
The genesis block contained 50 Bitcoins, which were not spent, as cryptographers had theorized that this was going to be considered a reward for running nodes on the network. It also contains an old newspaper headline from The London Times, which reads"Chancellor on brink of second bailout for banks." This was thought to be a statement about the state of money in general at the time, with banks being bailed out due to irresponsible banking practices.
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