Hal Finney received the first 10 BTC from Satoshi after which he continued running the software and reporting back to Satoshi on emails as Satoshi was fixing bugs. The first transaction of 50 BTC went to this address ( 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) which Satoshi controlled and later on 12th January 2009 Hal Finney- another pioneer cryptographer started running the Bitcoin software. Unlike these days the mining difficulty was very low at that time, and that’s it was possible to mine BTCs even with a CPU. Satoshi Nakamoto, the creator of Bitcoin, mined the first Bitcoin block on 3rd January 2009 and started the P2P digital cash system.įor this, he had to code in the logic for the Genesis block, and he eventually mined it, starting of the great historically ledger of Bitcoin. And a thing to note here is that there are no transactions in Block #1 expect the Genesis transaction that sends 50 BTC to this address ( 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa) ![]() So this is how the anatomy of the first Bitcoin’s block and transaction looked. ![]() ![]() ![]() The answer lies in Bitcoin’s first transaction itself.
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