September 25, 2021

Bitcoin turning 12: From the Genesis block to Wall Street adoption

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Satoshi Nakamoto, the unknown Bitcoin creator, released the first client network on this day 12 years ago, officially kickstarting what is perhaps the greatest monetary revolution of the 21st century. 

Six days prior, on Jan. 3, 2009, Satoshi mined the Genesis block, known as #0, coding it into the software. Unlike the subsequent blocks in the chain, the coin base reward from the Genesis block cannot be spent, as only publicly mined “coins” can be transferred. So, the first block, or #1, was mined on Jan. 9, putting a true start to the network as it is known today.

At the time, Satoshi announced the news to the cryptography mailing list with a download link to Bitcoin 0.1.0 on the open-source software database platform Sourceforge.

Bitcoin 0.1.0 was only compatible with the Windows operating system. The first client version with Linux support did not come until December 2009 with the release of Bitcoin 0.2.0.

1,309 BTC

Less than a week before releasing the first client software, Satoshi mined the Genesis block, beginning the network. Hal Finney received the first-ever BTC transaction on Jan. 12, 2009.

At the time, early adopters were already alive to the possibility of creating monetary value from computing power. According Title: Bitcoin turning 12: From the Genesis block to Wall Street adoption
Sourced From: cointelegraph.com/news/bitcoin-turning-12-from-the-genesis-block-to-wall-street-adoption
Published Date: Sat, 09 Jan 2021 14:07:00 +0000