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Bitcoin Genesis Block Created

January 3, 2009 · 21st Century

TechnologyEconomics

On January 3, 2009, a person or group using the pseudonym Satoshi Nakamoto created the first block of the Bitcoin blockchain (the Genesis Block), establishing the world's first decentralized cryptocurrency. The Genesis Block contained a message referencing The Times newspaper headline about bank bailouts, suggesting Bitcoin was designed as an alternative to traditional banking systems. This was followed by the first person-to-person Bitcoin transaction on January 12, 2009, when Nakamoto sent 10 bitcoins to cryptographer Hal Finney.

Key Figures

Satoshi NakamotoHal Finney

Locations

LondonTemple City, California

Topics

Satoshi NakamotoBitcoinCryptocurrency

Connected Events — 1 Connection

Bitcoin's Genesis Block established the foundational blockchain architecture and open-source codebase that Namecoin forked in 2011, creating the first alternative cryptocurrency and proving Bitcoin's technology could be adapted for different use cases Launch of Namecoin

April 18, 2011 · Technology · 21st Century

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