The Genesis Block: The First Bitcoin Block

A block is a collection of transactions that get validated all together. The transactions in a block get added at once to the chain, which is the complete history of legitimate transactions using bitcoin. Every blockchain has a genesis block, just as every regular chain has a final link.

Satoshi made the Genesis Block special in a number of ways. For one thing, the 50 BTC reward was sent to an address from which it can never be recovered. On a technical level, the 50 BTC transaction wasn't recorded as such in the same way as later transactions. That’s why any attempt to spend those coins would fail. Satoshi never commented on the reasons for that.

Whether Satoshi’s comment was targeted mainly at banks or governments or both remains a topic of debate among Bitcoin enthusiasts.

Fourteen years later and it’s still a solution looking for a problem

The Genesis block was NOT mined. It was constructed and acts as the hard coded anchor for the ledger. Block 1 was mined 6 days later.

The genesis block was not mined, it was set as an unspendable anchor and the first mined block was days later. It also didn’t have a ticker, BTC was assigned by an exchange and has since left the Bitcoin protocol. BTC is not Bitcoin, Blockstream and it’s core devs crippled it.

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Happy birthday, suckers!

Congratulations

Bitcoin & Gold is money for eternity!

Btc is also a Capricorn 🤣 but a January one 🌚

Happy Birthday Bitcoin. Happy financial freedom to all! In honor of the holiday I trade at 1inch. It has the best conditions and the safest.

Happy Birthday, Bitcoin! 🎉🎂 14 yrs since the GenesisBlock paved the way for crypto and DeFi. Here's to an even better future. 🚀 HODL Satoshi

🎆🎆🎆

The first crypto scammer!

🥳🥳🥳

My pleasure

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