The first Bitcoin transaction: 15 years later
Fifteen years ago, the first Bitcoin transaction was recorded on chain, opening the world to the endless possibilities of an electronic peer-to-peer cash system that Satoshi Nakamoto has designed.
Fifteen years ago, the first Bitcoin transaction was recorded on chain, opening the world to the endless possibilities of an electronic peer-to-peer cash system that Satoshi Nakamoto has designed.
The Genesis Block anniversary serves as a reminder of the history of the peer-to-peer electronic cash system and Satoshi's vision of making the true data economy a reality.
After being hijacked by corrupt developers, Dr. Craig Wright and those who believed in his vision restored the original Bitcoin protocol by activating the second Genesis on February 4, 2020.
Contrary to popular belief, renowned cryptographer Hal Finney was not the inventor of Bitcoin but rather the person who helped Dr. Craig Wright fix the code for the peer-to-peer electronic cash system.
The Genesis Block was never "mined" like every other Bitcoin block; that started with Block #1 when Satoshi Nakamoto released the software on SourceForge.
The story of the BSV/BCH hash war is a brutal chapter in Bitcoin, and it laid the groundwork for much of what has transpired since, but that story has been told a few times.
Fourteen years after Satoshi released the Bitcoin white paper, few understand it—most Bitcoin advocates have abandoned the idea of a P2P electronic cash system and bought into the digital gold wholesale.
Since that first transaction, Bitcoin has grown from strength to strength, overcoming every challenge along the way, and they have been many.
The peer-to-peer electronic cash system envisioned by Satoshi Nakamoto has been fully restored, and what a year it has been for the original Bitcoin.
Block Zero appeared 13 years ago today—and, though barely noticed at the time, is now an essential part of Bitcoin's mythology and mystique.
In the three years since Bitcoin Independence Day, BSV has restored the rules as originally defined by Satoshi Nakamoto and proved that Bitcoin has capabilities far beyond simple payments—while being able to scale on-chain and unbounded.
Kurt Wuckert Jr. is joined by britevue’s Connor Murray, nChain’s Jack Davies, and CREA’s Matej Trampuš for the Genesis Anniversary Livestream.