13 Years Ago, Today….
…the Bitcoin Genesis Block was created….13 years! When one thinks about it, it seems a long time ago but in the grand scale of things, not really…..13 years and Satoshi’s vision shines on and has become a wonderful thing to witness and behold.
On This Day: Bitcoin Celebrates 13 Years Since The Genesis Block
“Today marks 13 years to the day that the first block – called the “genesis block” – of the Bitcoin blockchain was created. To celebrate, we’re looking back at the economic conditions back then that prompted the creation of the first ever cryptocurrency, and the impact the digital asset has had on the world since.
Bitcoin Genesis Block Retrospective
The word “genesis” should be familiar to most. The Book of Genesis is the first book of the Hebrew Bible and the Christian Old Testament. It’s the name of a English rock band fronted by Peter Gabriel. Even the name of a popular video game console by SEGA. But thirteen years ago to the day today, genesis took on a whole new meaning.
The essential definition, according to Merriam Webster, is “the beginning of something.” The genesis block is the precise beginning of the Bitcoin blockchain, also called block 0 (though early versions of the code referred to it as block 1). It is the only block in a blockchain that doesn’t include data referencing a previous block.
That first block did, however, include something unique within its coinbase parameters. “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” both acted as a timestamp and as a hint toward why Bitcoin was created.”