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Today is the anniversary of the first Bitcoin (BTC) transaction

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After 12 years, we are here today to celebrate the historic first Bitcoin transaction performed by the legendary Satoshi Nakamoto.

As proof, the mysterious figure decided to send BTC to an address belonging to Hal Finney.

The famous transaction took place on January 12, 2009 and a total of 50 BTC. No fees were paid for this first transaction on the Bitcoin blockchain.

bitcon first transaction

A few days earlier, on January 9, 2009, the so-called transaction took place COINBASE, the reward paid to miners, which also amounts to 50 BTC.

And so it was after a couple of days that it was decided make the first transaction, sending first only 10 BTC and then another 40.

The fees at that time were zero and transactions could be carried out without problems. Or rather, the fees were designed to be zero for older addresses and therefore if COINBASE BTC were moved they could be transferred without incurring the current high fees.

On the same day other tests were carried out with other addresses. This was also the last day this address was used, as from that point on there were only incoming and non-outgoing transactions.

The first Bitcoin transaction in history

Certainly, over the years, the Bitcoin blockchain has experienced its ups and downs, but if we generally consider what it has provided on both a technological and social level, then we can see a pioneering tool for the freedom to transact value, without any centralized party and in a free and unrestricted way, for which it was later adopted by associations and individuals who were denied a financial and credit line, as in the case of Julian Assange.



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