The Times 03\/Jan\/2009 Chancellor on brink of second bailout for banks <\/p>\n
That was the message contained in bitcoins first-ever transaction block on Jan. 3, 2009. Today marks the 15th anniversary of that event. <\/p>\n
The so-called genesis block featured what was then a 50 bitcoin (BTC) block subsidy worth a whopping $2.1 million at todays prices and the message above, referring to the economic turbulence of the day when bitcoin went live. <\/p>\n
Months earlier, bitcoins pseudonymous creator, Satoshi Nakamoto, first published the protocols white paper, which outlined a system for digital money that didnt rely on a trusted central administrator. The white papers 15th anniversary was observed last October, as Blockworks previously reported. <\/p>\n
Nakamoto played a central role in overseeing the protocols progress in its early years, but by 2010 had largely faded from public view. <\/p>\n
As of the time of writing, the bitcoin network has processed 824,210 blocks, each occurring roughly though not precisely every ten minutes. <\/p>\n
The anniversary comes during an auspicious time in bitcoins history. <\/p>\n
The price is hovering above $40,000 a far cry from the days before bitcoin ever traded against the dollar. Bitcoin has become more deeply enmeshed in the global financial system, a state of affairs perhaps reflected best in the push by major institutions like BlackRock and Fidelity to create exchange-traded products that hold BTC. <\/p>\n
The US Securities and Exchange Commission appears poised to potentially approve such a product, though todays price declines reflect what may be lingering anxieties around those prospects. <\/p>\n
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Bitcoin's 'genesis' block of transaction was created 15 years ago - Blockworks<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" The Times 03\/Jan\/2009 Chancellor on brink of second bailout for banks That was the message contained in bitcoins first-ever transaction block on Jan. 3, 2009. Today marks the 15th anniversary of that event Continue reading