Type to search

Bitcoin blockchain industry News

Bitcoin Genesis Block was Mined 12 Years Ago

Share
Bitcoin genesis block

Happy Genesis Block Day!

Bitcoin genesis block was mined 12 years ago

On January 3, 2009, a person or a group of people under the pseudonym Satoshi Nakamoto launched the main bitcoin network, having mined a genesis block with 50 BTC.

The white paper of the first cryptocurrency was published on October 31, 2008

The reasons for the creation of Bitcoin, as well as the identity of Satoshi Nakamoto, remain a mystery. They are trying to unravel the mystery both in the crypto community and beyond.

The hash of the genesis block of Bitcoin contains the title of the article “Chancellor on brink of second bailout for banks” by the British edition of The Times.

Bitcoin genesis block

The global financial crisis could become an incentive to create Bitcoin

It is possible that one of the incentives to create bitcoin was the global financial crisis that broke out in 2007-2008. It was accompanied by the collapse of the largest investment banks, a widespread decline in production volumes, falling demand and prices for raw materials, rising unemployment, and active government intervention in the economy.

On January 9, 2009, Bitcoin software version 0.1 was published. Three days later, on January 12, Satoshi Nakamoto sent 10 BTC to Hal Finney.

To date, the weighted average rate of the first cryptocurrency is at $ 30636.3, and the market’s flagship capitalization is $ 643.9 billion. Over the year, the price of digital gold has grown by 365%.

Bitcoin has become in demand among institutional investors. Which, according to Bitcoin Treasuries, have more than 5% of the total supply of the first cryptocurrency ($ 39.7 billion).

Read more about the history of the creation of the first cryptocurrency and the possible personality of Satoshi Nakamoto here: https://news.bitxmi.com/cryptocurrency-blog/satoshi-nakamoto

Join Bitxmi Exchange

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Leave a Comment

Your email address will not be published. Required fields are marked *

WP2Social Auto Publish Powered By : XYZScripts.com
bitcoin
Bitcoin (BTC) $ 62,082.00 1.13%
ethereum
Ethereum (ETH) $ 2,334.73 2.61%
binance-coin
Binance Coin (BNB) $ 539.94 2.00%
xrp
XRP (XRP) $ 1.73 2.95%
tether
Tether (USDT) $ 0.995664 0.11%
cardano
Cardano (ADA) $ 1.41 0.53%
polkadot
Polkadot (DOT) $ 41.02 2.99%
uniswap
Uniswap (UNI) $ 34.68 1.04%
litecoin
Litecoin (LTC) $ 265.13 0.13%
dogecoin
Dogecoin (DOGE) $ 0.124138 40.49%
chainlink
Chainlink (LINK) $ 37.79 7.88%
bitcoin-cash
Bitcoin Cash (BCH) $ 802.89 9.92%
stellar
Stellar (XLM) $ 0.614846 6.86%
theta-token
Theta Network (THETA) $ 11.67 4.53%
usd-coin
USD Coin (USDC) $ 0.995116 0.20%
filecoin
Filecoin (FIL) $ 165.69 1.61%
vechain
VeChain (VET) $ 0.169663 17.55%
tron
TRON (TRX) $ 0.136735 7.77%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 61,985.00 1.56%
klay-token
Klaytn (KLAY) $ 2.86 5.81%
eos
EOS (EOS) $ 7.29 0.37%
solana
Solana (SOL) $ 25.43 7.51%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.246060 6.08%
bitcoin-sv
Bitcoin SV (BSV) $ 324.51 13.47%
compound-ether
cETH (CETH) $ 46.80 2.31%
terra-luna
Terra (LUNA) $ 15.35 1.74%
cosmos
Cosmos (ATOM) $ 23.88 0.05%
iota
IOTA (MIOTA) $ 2.04 2.35%
monero
Monero (XMR) $ 311.78 3.42%
binance-usd
Binance USD (BUSD) $ 0.992113 0.26%
okb
OKB (OKB) $ 19.72 5.50%
bittorrent-2
BitTorrent (BTT) $ 0.007855 9.22%
aave
Aave (AAVE) $ 392.99 0.41%
ftx-token
FTX Token (FTT) $ 55.42 5.13%
tezos
Tezos (XTZ) $ 6.30 2.96%
avalanche-2
Avalanche (AVAX) $ 36.88 9.19%
neo
NEO (NEO) $ 64.90 2.42%
compound-usd-coin
cUSDC (CUSDC) $ 0.021851 0.01%
kusama
Kusama (KSM) $ 449.33 6.26%
elrond-erd-2
Elrond (EGLD) $ 230.78 9.14%
algorand
Algorand (ALGO) $ 1.41 6.80%
nem
NEM (XEM) $ 0.429033 3.20%
thorchain
THORChain (RUNE) $ 16.02 27.49%
huobi-token
Huobi Token (HT) $ 20.21 1.38%
pancakeswap-token
PancakeSwap (CAKE) $ 22.76 3.65%
cdai
cDAI (CDAI) $ 0.021308 0.04%
dai
Dai (DAI) $ 0.997624 0.07%
holotoken
Holo (HOT) $ 0.017286 7.48%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.371734 8.16%
dash
Dash (DASH) $ 289.83 1.30%