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Thirteen years later, the anonymous creator of the Bitcoin protocol started the network by mining the genesis block. Satoshi Nakamoto started the genesis block at 1:15 pm (Eastern Standard Time) on Saturday, January 3, 2009. Since then, more than 700,000 blocks have been stripped to exist.

Start the Bitcoin network

Today, Bitcoin enthusiasts and cryptocurrency advocates all over the world are celebrating the thirteenth day of the launch of the Bitcoin network. At present, thirteen years ago, the discoverer of Bitcoin, Satoshi Nakamoto, launched the genesis block, also known as the “zero block.” The genesis block has many unique features that make it completely different from subsequent blocks.

For example, the genesis block has 50 BTC block reward grants, which will never be spent. Block zeros have 2 leading hexadecimal zeros combined in the hash, which is common for Bitcoin blocks that are stripped during this period. The genesis block also contains a special message, which is stored in the coinbase parameter. The news originated from the headline of the London Times on January 3, 2009, and read as follows:

“The Times on January 3, 2009, the Chancellor of the Exchequer is about to carry out a second bailout to the bank.”

Seven-day theory, time chain, virtual poker

Many people do not know that the Bitcoin protocol did not create another block until the genesis block was stripped six days ago. It is assumed that Satoshi has this waiting time for a reason, because it is similar to an event in authoritarian knowledge or the Genesis story of King James’ Bible, once the world is created within 7 days.

Satoshi Nakamoto used an ordinary personal computer or a central processing unit (CPU) to divest the Bitcoin network. Assuming that Nakamoto is a Microsoft user, the code base of the protocol is written in the encryption language C++. In addition to cryptographic languages, users have used Windows GUI mining applications to mine BTC blocks a long time ago.

When Bitcoin researchers checked a pre-coded release before January 3, 2009, and distributed it to the bitcointalk.org member “Cryddit”, they found various compelling findings. For example, the document first mentioned the term “bitcoin miners” and jointly referred to the blockchain as the “time chain”. The pre-released Bitcoin ASCII text file also contains early frameworks for IRC consumers, peer-to-peer (P2P) markets, and virtual card games.

In addition, consistent with Bitcointalk.org user Deepceleron on December 23, 2013 and some alternative armchair detectives, “There is no text file that can be recovered from Sourceforge through the network archive, but here is a screenshot of January 3, 2009 (the same Date as the creation), there is a suppressed blockchain at block 213 and 3 alternative connections.” Some people assume that Satoshi Nakamoto and some early users may have tested the blockchain before January 3, 2009 Released.

Several milestones in the 13 years of the Bitcoin protocol, the power of the program has achieved exponential growth

Last year, on the 12th day of the genesis block, a mysterious worker spent 1,000 BTC from 2010 when his bitcoin property was idle for ten years. The thirteenth day is after the life value of BTC reaches a high level on November 10, 2021, once the cryptocurrency Canadian currency reaches $69,000 per unit. More importantly, on January 1, 2022, the network’s computing power reached an unparalleled high value of over 200 exahash per second.

On January 9, 2009, the hash rate of Bitcoin was approximately 68.96 thousand hashes per second (KH/s) or 68,000 (sixty eight thousand) hashes per second (H/s). This is also equivalent to 0.068 megahash per second (MH/s) or 0.000068 megahash per second (GH/s), which is too low for too much hash per second (TH/s).

No matter who is mining at this point on January 9, 2009, so in the following week (we assume it is Satoshi Nakamoto), a lot of program power is still invested instead of mining bits with paper and pencils Coin (BTC) (0.67 hash/day) or Nintendo Game Boy (0.8 H/s). Since January 9, 2009, the hash rate of the network has increased exponentially, an increase of 267 trillion%.

Clark

Technical director.





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