What was the first Bitcoin transaction?

Bitcoin birthed the blockchain and cryptocurrency market more than a decade ago!

But what started it all?

What was the first Bitcoin transaction?

On January 12, 2009, the first Bitcoin transaction occurred between, anonymous creator, Satoshi Nakamoto, and early enthusiast Hal Finney (a well known cypher-punk) This sparked the revolution of an economy and technological revolution.

What led to this revolution?

After the 2008 World Financial Crisis, Satoshi Nakamoto clearly saw the need for a decentralized economic system to prevent manipulation from centralized authorities.

January 3, 2009. Saw the creation of the first block (genesis block) on the blockchain. It wasn’t until the 9th that Nakamoto announced the launch of Bitcoin v1 on a cryptography forum.

The initial software was very rudimentary, but represented the main ideas of the revolution.

Hal Finney was the first person to take a public interest in the software. Sending a message to Nakamoto, Finney sparked a relationship that led to the first developments of the technology.

This lead to January 12, 2009. Satoshi Nakamoto sent Hal Finney 50 BTC.

This was physical proof that the technology actually worked, and we can still see the transaction on the blockchain today over 10 years later.

Finney and Nakamoto continued to work on the software. A lot of notable figures joined the project,

The first transaction is the most notable event. Not only did it show that the technology worked.

But it has continued to work, and hasn’t crashed once. It’s amazing that we can see this first transaction on the blockchain.

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Ben - AKA Waldo