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I am excited to share with us how the first bitcoin transaction took place in 2009 and the exact Bitcoin Wallet it was sent to.
While we’ve shared how to Start Cryptocurrency and Bitcoin Business and the best crypto trading platform for traders today, let’s go on to see one of Satoshi’s BTC addresses and to whom the first cryptocurrency transaction was sent.
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The First Bitcoin Transaction by Satoshi to Hal Finney
Let’s see one of Satoshi’s BTC Addresses before the first transaction.
While Bitcoin is more than 10 years already, in 2009, the Bitcoin originator, Satoshi Nakamoto-Wikipedia – mined the first 50 bitcoins and which marked the beginning of the Bitcoin payment network known as the Blockchain.
That is a peer-to-peer payment network where crypto users send and receive bitcoins.
See Satoshi’s Bitcoin Wallet address below which was one of Satoshi’s BTC addresses before the first Transaction to the first recipient.
The First Bitcoin Transaction Hash
Just 10 days after the first Genesis block was mined known as “Block number 264”, 50 Bitcoin from 13 January 2009 was sent to the recipient wallet below.
Below is the first bitcoin transaction hash/blockchain source URL which can be extracted from Bitcoin Explorer at Blockchain.info.
The First Bitcoin Transaction Sent
Crypto works in a peer-to-peer system, the first Bitcoin Transaction recipient was speculated to be Hal Finney because according to him, he said.
When Satoshi announced the first release of the software, I grabbed it right away. I think I was the first person besides Satoshi to run bitcoin. I mined block 70-something, and I was the recipient of the first bitcoin transaction when Satoshi sent ten coins to me as a test. I carried on an email conversation with Satoshi over the next few days, mostly me reporting bugs and him fixing them.
Much assertions about Hal Finney being the first Bitcoin recipient is due to the fact that he got his start in crypto working on an early version of PGP, working closely with Phil Zimmermann.
When Phil decided to start PGP Corporation, Hal Finney was one of the first hires.
He would later work on PGP until his retirement. At the same time, he got involved with the Cypherpunks.
He ran the first cryptographically based anonymous remailer, among other activities.
In his words, he said, today, Satoshi’s true identity has become a mystery. But at the time, I thought I was dealing with a young man of Japanese ancestry who was very smart and sincere. I’ve had the good fortune to know many brilliant people over the course of my life, so I recognize the signs.
Additionally, Finney mentioned satoshi to be a young and hardworking guy.
For more on the history of Bitcoin with Finney, Satoshi Nakamoto and how it all got wrapped up, see below.
Check this out – History of Bitcoin in Nigeria, CBN on Crypto
Who Owns Bitcoin and the Aftermath?
Since the Bitcoin network is always opened to everyone to see, in the year 2013, crypto users started to send in a tip to the wallet.
While some said they were appreciating Satoshi Nakamoto for what he did, some said “it’s good luck to tip The Satoshi via the Wisdom Well” 😀
The truth is, not only has that coin not been spent, it has received nearly a dozen “tips”, adding more than .11 BTC to its balance.
And surprisingly, the 50 BTC hasn’t been spent since then.
For more on who owns Bitcoin, Satoshi Nakamoto & the first Bitcoin Recipient, download the reading here – document.
See this – 7 Best Ways to Earn Free Bitcoin and Crypto.
It is what it is with Bitcoin
The truth is, people, give to each “object” a value, and bitcoin has a big value not only in dollars.
In the first days *Bitcoins* were only a set of numbers that grew . . . nobody thought that it would have great success.
Over to you.
What do you think of the first bitcoin transaction? And have you joined in?