As everyone knows, Bitcoin is a big deal nowadays but this wasn’t the case back in the day. The inception of it can be traced back to 2008. The domain Bitcoin.org was registered that year by anonymous precursor. This is how everything began and after a while the entity known as Satoshi Nakamoto made history.
Later that year, on the 31st of October the Bitcoin white paper called “Bitcoin-A peer-to-peer electronic cash system” was published. In November the document was distributed through a mailing list. Next year, on the 3rd of January Nakamoto, create the founding block of the Bitcoin blockchain called the Genesis Block.
The Genesis Block comes with 50 BTC that can’t be spent and it spawned the creation of other blocks. It takes an average of 10 minutes for new blocks to be created. However, 6 days were needed to add the next block to the blockchain. Several theories explain why this was the case. The most interesting one states that Satoshi waited 6 days to mimic the Genesis in the Bible.
The first-ever Bitcoin transaction happened on the 22nd of May 2010. Laszlo Hanyecz, one of the contributors to the project, bought 2 pizzas from Papa John’s for 10,000 BTC. This transaction was the milestone for the Bitcoin phenomenon that we know today.