Genesis block of Bitcoin Mined
Bitcoin network comes into existence with Satoshi Nakamoto mining the genesis block (block number 0) of Bitcoin. Embedded in the coinbase of this block, which can contain any arbitrary data, was the text: The Times 03/Jan/2009 Chancellor on brink of second bailout for banks. The text refers to a headline published on the 3rd January […]
Bitcoin White Paper Published
The Bitcoin White paper, authored by Satoshi Nakamoto, titled Bitcoin: A Peer-to-Peer Electronic Cash System was posted to a cryptography mailing list. The paper details methods of using a Peer-to-peer network to generate what was described as “a system for electronic transactions without relying on trust”.
First Mobile Bitcoin Transaction
The first portable-to-portable transaction of Bitcoins occurs when ribuck sends doublec 0.42 BTC using Bitcoind, on a Nokia N900 mobile computer.
Value overflow incident
In Aug 2010, a bug in Bitcoin’s source code was exploited by someone who to this day remains anonymous. The anomaly was in block # 74638 and quickly spotted on the Bitcoin Talk forum by Jeff Garzik. The bug that caused this “value overflow incident” resulted in 184 billion Bitcoins being created. Ultimately a […]
Mt. Gox Bitcoin Exchange Established
Mt. Gox (an abbreviation for Magic: The Gathering Online Exchange) is established by Jeb McCaleb, as one of the first Bitcoin exchanges online. The Cryptocurrency exchange holds significant history for multiple reasons, including during 2013 it had become the largest exchange in the world, handling approximately 70 percent of all BTC trades globally (by […]
