The 10 year anniversary of the Bitcoin Genesis block

in #anniversary • 6 years ago (edited)

January 3rd is the ten year anniversary of the Bitcoin Genesis block. Someone may ask, what is the Genesis block. According to the Bitcoin wiki, a genesis block is the first block of a blockchain. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The genesis block is almost always hardcoded into the software of the applications that utilize its blockchain.

A lot has transpired in the past ten years of Bitcoin. After Satoshi announced the Bitcoin whitepaper and launched Bitcoin with the Genesis block, it’s almost as if Bitcoin has taken on a life of it’s own, growing and branching out in many directions; as it should, since it’s a decentralized protocol which is not owned or governed by any one entity. One of the first major events of Bitcoin’s life was the pizza transaction, which took place just over a year later on May 22, 2010. On that day, Bitcoin user Laszlo Hanyecz paid 10,0000 BTC for two pizzas to be delivered to him. Today, people celebrate this as Bitcoin Pizza Day. This transaction helped to display the power of Bitcoin in commerce and usage as global money.

What’s next for Bitcoin?
After the ten years it’s clear that Bitcoin is still evolving. This is the evolution of money. Nobody knows for sure what will happen next or where Bitcoin will take us, however, the Bitcoin of today may look nothing like the Bitcoin of tomorrow.

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6 years ago in #anniversary by
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