Genesis Block

The first block of a blockchain is called the genesis block.
On Jan. 3, 2009, the network officially launched when Nakamoto mined block 0 or the Genesis Block, bringing the Bitcoin blockchain into life.

Interesting facts

  • Bitcoin’s Genesis Block contains a hidden message within it. ”The Times 03/Jan/2009 Chancellor on brink of the second bailout for banks.”
  • The Genesis block had 50 coins in it, which are unspendable. Nobody knows for sure whether this was done intentionally or was an oversight.
  • Over the years, many fans have also sent funds to the genesis address. At the time of publication, there is a total balance of more than 67 BTC there.
  • The Bitcoin genesis block also took 6 days to mine, which is strange considering since then each new block takes approximately 10 minutes to mine.