RATE Group | Today Marks 11 Years Since Bitcoin’s Genesis Block
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Today Marks 11 Years Since Bitcoin’s Genesis Block

04 Jan Today Marks 11 Years Since Bitcoin’s Genesis Block

Posted at 05:58h in Bitcoin News by

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On January 3rd, 2009, the mysterious Satoshi Nakomoto – pseudonymous creator of Bitcoin and blockchain technology, mined the first-ever Bitcoin block, dubbed the Genesis Block.

Today, we look back at the monumental event that took place more than ten years ago and celebrate the birth of blockchain and the world’s first-ever cryptocurrency: Bitcoin.

On This Day: 11 Years Since Satoshi Mined The First Bitcoin Block

Cypherpunks – technological activists that promote privacy, decentralization, and cryptography – had long been experimenting with the earliest forms of digital cash. However, before this technology could ever reach the mainstream, developers needed to first address double-spending.

Related Reading | The Most Lucrative Signal in Bitcoin History Just Flipped Buy

The mysterious Satoshi Nakamoto found a solution similar to Hal Finney’s Reusable Proof-of-Work system, and thus, distributed ledger technology and the proof-of-work mining system that verifies all blockchain…

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