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REGULATION
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2 years ago

14th Anniversary of Bitcoin’s Genesis Block

2023-01-04

REGULATION
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2 years ago


14 years ago, on January 3, 2009 during a Saturday afternoon, Satoshi Nakamoto launched Bitcoin network and block zero at about 1:15 p.m. (ET). Bitcoin block one was mined six days later on January 9, 2009 at about 9:54 p.m. (ET).

 

Facts about Bitcoin

-The Bitcoin Whitepaper was published on October 31, 2008 by Satoshi Nakamoto. The whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System.

-As of January 3, 2009 Bitcoin market share is 39.9% calculated from overall cryptocurrency market value.

-Bitcoin is limited to only 21 million bitcoins.

-The block time on the bitcoin blockchain is 10 minutes.

-Satoshi is the miner of bitcoins during its first year.

-Bitcoin first days of recorded trading price in 2010 was $0.003. In 2015 Bitcoin price was $250.

-The last bitcoin will be minted in the year 2180.

-Bitcoin is the first blockchain technology. The technology enables transaction without middleman.

-14 years after Bitcoin genesis block, As of January 4, 2023 Bitcoin has a market cap of $324 billion and cryptocurrency market cap is value at $819 billion.

-Satoshi has 1 million bitcoins as of December 2021.

 

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