This historic moment at block 170 saw Satoshi transfer 10 BTC to computer scientist Hal Finney, making him the recipient of the Bitcoin first transaction. As was common in the early days, the transaction cost 0 BTC.
This first transaction came three days after the first open-source Bitcoin client was released online. On Jan. 9, 2009, Satoshi Nakamoto released version 0.1 of the Bitcoin software. Finney was one of the first Bitcoin users, installing the software and participating in talks that would improve Bitcoin.
On Jan. 10, 2009, Finney made history with the first-ever Bitcoin-related tweet: “running Bitcoin.”
The Genesis Block, also known as Block 0, was mined by Satoshi Nakamoto on Jan. 3, 2009. Similar to subsequent Bitcoin blocks, it rewarded 50 BTC, but this can never be spent.
Sixteen years later, Bitcoin has evolved into a global financial phenomenon with a current market valuation of about $1.84 trillion.
At the time of writing, BTC was down 1.45% in the last 24 hours to $92,560 after setting all-time highs of $108,268 on Dec. 17.
As regards the Bitcoin price, on the macroeconomic front, this week will give investors a clearer picture of the state of the economy following a blowout jobs report last week that sent equities falling. The stronger-than-expected nonfarm payroll report raised concerns that the Federal Reserve might proceed with caution moving forward, which casts doubt on further interest rate decreases.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
