A look back at the birth of cryptocurrency -
A look back at the birth of cryptocurrency -
14 years ago, on January 3, 2009, Satoshi Nakamoto started the Bitcoin network at around 1:15 p.m. on a Saturday afternoon and blocked zero. The Satoshi technology enables "online payments to send directly from one party to another without going through a financial institution". Since the birth of Bitcoin, it has changed the financial system considerably and has sparked an entire cryptocurrency industry with a value of more than $ 800 billion.
The history and meaning of Bitcoin's Genesis block: 14 years later
Today is the 14th anniversary of the Genesis-Block also known as a block null, the first Bitcoin Block, which has booted the network. Block zero is something special because there are no traditional blocks before, and it was firmly coded into the software so that it has an official starting point and each knot can validate the blockchain from the start.
because block is zero coded, the coin base reward of 50 bitcoin which are stored in the first block can never be output. The 50 bitcoin is saved in the bitcoin address " 1a1zp "and in the past 14 years the address has seen a number of Dust transactions sent to the wallet. This means that the Bitcoin address 1A1ZP at the time of writing 68.56 has bitcoin can.
Another known fact about Block zero is the message
Bitcoin users can confirm that the Genesis block was the first block because, in contrast to any other block inserted into the system, it has no previous block for reference. The hash to which reference is to be made to the previous block is coded exclusively with zeros to indicate that it is zero. All blocks followed at Block zero contain a hash of the previous block header that connects the blocks into a chain. Many people do not know that after Block zero Bitcoin Block one, only six days later, on January 9, 2009, was dismantled at around 9:54 p.m. (ET). Block two was dismantled a minute later at 9:55 p.m. and Block Drei was dismantled about seven minutes later at 10:02 p.m. that evening. At this point, the following blocks began to have a more consistent block interval or a more consistent time between each block. Historical data show that on January 5, 2009 the entire hashrate of the network, presumably from Satoshi alone, was around 948,165.4 hashes per second (h/s) or 948.1654 kilohash per second (kh/s). By January 12, 2009, Bitcoin's hash rate was 560,000,000 h/s or 560 Megahashsh per second (MH/S). It is very likely that on January 10, 2009 when the computer scientist Hal Finney Bitcoin ”, he probably icited his first block that day and thus contributed to the hash rate of the newly launched network. Bitcoin has changed everything because it introduced the first functioning solution for the problem of the Byzantine generals and it was the first functioning triple-entry bookkeeping system that was introduced to the world. The technology developed by Satoshi cannot be manipulated from a mood, such as the funds, the central banks distribute the central banks to the lower ranks of the banks and the political decision -makers of the world.
Bitcoin is a technology that provides uncensored transactions that enable free flow of ideas. In the midst of widespread deception by leaders and manipulation of currencies, there is a demand for a secure, cryptography -based payment system that is resistant to censorship. The current monetary system was repeatedly used by the global elite, which made the need for such a system more and more relevant. What do you think about the Bitcoin network that has been running for 14 years since Satoshi Nakamoto started the blockchain on January 3., 2009? Let us know your opinion on this topic in the comment area below. Bedy verification : Shutterstock, Pixabay, WikiCommons 
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