Blockchain 101: Episode 04 – The Birth of the first Bitcoin!

The Birth of the first Bitcoin!

The big day came on January 4th 2009, 3 months after the publication of Bitcoin White Paper. Satoshi Nakamoto, Bitcoin whitepaper author, produced the first block of Bitcoin , “The Genesis Block”, on a small server located in Helsinki, Finland.

For that, Satoshi Nakamoto obtained the first 50 Bitcoins as the reward. To commemorate the birth of Bitcoin, Mr. Nakamoto put that day’s headline of The Times article about a possible bailout for banks in the UK into the first block.

Mr. Nakamoto did that to authenticate the time of Bitcoin’s birth. What a brilliant mind!