Halloween History Lesson
This Week in Bitcoin - Oct. 31, 2022
Or maybe, Happy Birthday Bitcoin?!
Halloween holds a special place in the story of bitcoin and, because of that, here’s a special Halloween edition of the email!
Bitcoin has two (three?) birthdays:
1st Mined Block
On October 31, 2008, a person by the name of Satoshi Nakamoto emailed a group of cryptographers with an idea for a peer-to-peer decentralized money.
That money was called bitcoin.
The email falls on relatively deaf ears for a few days before Satoshi receives mixed feedback. For what is now the world’s largest cryptocurrency with a network valued at half a trillion dollars, bitcoin’s first utterance in the world was lackluster as best.
Months after his initial pitch, Satoshi mined the first ever block of bitcoin. The initial block of bitcoin is called “The Genesis Block.”
In bitcoin, a “block” is a set of transactions that are bundled together. After these transaction blo…
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