Deep Tide TechFlow News, January 03, The first block of Bitcoin—the Genesis Block—was mined by Satoshi Nakamoto at 18:15:05 (UTC) on January 3, 2009 (around 02:15 AM Beijing time on January 4), marking the official launch of the Bitcoin network.
The Genesis Block not only contains the first block reward (50 BTC) but also includes a line of news headline quoted from the British newspaper The Times: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” which means “The Times, January 3, 2009: Chancellor on the brink of second bailout for banks.” This symbolizes Bitcoin’s birth amid the financial crisis and is widely interpreted as a critique and symbolic statement against the traditional banking system and bailout policies at that time.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Today marks the 17th anniversary of the creation of Bitcoin's Genesis Block.
Deep Tide TechFlow News, January 03, The first block of Bitcoin—the Genesis Block—was mined by Satoshi Nakamoto at 18:15:05 (UTC) on January 3, 2009 (around 02:15 AM Beijing time on January 4), marking the official launch of the Bitcoin network.
The Genesis Block not only contains the first block reward (50 BTC) but also includes a line of news headline quoted from the British newspaper The Times: “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” which means “The Times, January 3, 2009: Chancellor on the brink of second bailout for banks.” This symbolizes Bitcoin’s birth amid the financial crisis and is widely interpreted as a critique and symbolic statement against the traditional banking system and bailout policies at that time.