Historical Facts About BITCOIN CASH - Learn more ABOUT the Genesis Block, 1st transfer, 1st trading

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9 months ago

My wish is for my blog to become a viral must-read for newcomers to the Bitcoin Cash community and also to remind longtime members why we are so passionate about driving adoption and spreading the word about Bitcoin Cash.

After all, Bitcoin Cash is Bitcoin created by Satoshi Nakamoto, forked in 2017 with the Genesis block [block 0] dated January 3, 2019.

The Bitcoin Cash Genesis Block

The first block of Bitcoin Cash, called Genesis Block , was mined on January 3, 2009 by the creator of the currency, the late Satoshi Nakamoto with the hash of the transaction being able to be verified on the Blockchain at - Block #0
000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f .

This transaction marked the beginning of the worldwide DECENTRALIZED financial revolution, in which Bitcoin Cash became the best digital money, the best blockchain technology that the world so badly needed to evolve as a sovereign over money, and made also anyone to be their own bank.

The first Bitcoin Cash transfer

After mining the first block of Bitcoin Cash, it was time to test Bitcoin Cash transfer from one wallet address to another to make sure that the Peer To Peer system works effectively.

So, on January 12, 2009, 13 years ago, Satoshi Nakamoto did the test by sending Bitcoin Cash to Hal Finney with the hash of the transfer - f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16 representing the first time ever a transfer of Bitcoin Cash from one person to another.

It took only 9 days after mining Block 0 of Bitcoin Cash for the first official Bitcoin Cash transfer to take place involving two of the biggest figures in the decentralized economic world, Satoshi Nakamoto and Hal Finney.

The transfer marks the beginning of a movement that after thirteen years has shaken the foundations of the traditional world financial system.

Bitcoin Cash gives back the right of individuals to transact without the need for intermediation by a third party, freely, paying reduced fees, capacity to store capital without custody and being able to send money in record time to the entire world, since Bitcoin Cash has no borders.

The first Bitcoin traded for Fiat currency

Marti Malmi is the individual who carried out the first Bitcoin transaction in exchange for dollars, the transaction had the hash - 7dff938918f07619abd38e4510890396b1cef4fbeca154fb7aafba8843295ea2 and represents the first trade of 5050 Bitcoins at the rate of 0.001 dollars totaling $5.02 of sale.

This transaction is dated October 12, 2009 and marks the day that Bitcoin was first purchased using Fiat currency, showing that Bitcoin has value and people were interested in purchasing the currency.

The famous "Bitcoin" Pizza Day

On May 22, 2010, precisely at 18:16 UTC , the most famous transaction using Bitcoin to purchase consumer goods in the real-world was carried out, and it was intended for the purchase of two large pizzas in which the buyer transferred 10,000 bitcoins at the rate of $0.04 each to the seller.

To this day, the date is celebrated because it represents the first Peer-To-Peer transaction in real space time in which someone was willing to receive Bitcoin in exchange for the product he offered, marking the focal point of the objective with which Satoshi Nakamoto had dreamed - to make Bitcoin Cash a viable alternative medium that works from people to people!

The transfer has the hash - a1075db55d416d3ca199f55b6084e2115b9345e16c5cf302fc80e9d5fbf5d48d and marked the beginning of the use of Bitcoin Cash for the acquisition of consumer goods, payment for services and others using the currency without depending on third parties for the transaction to be carried out.

These facts are part of the history of Bitcoin Cash , they cannot be ignored and they lead users to better understand what the decentralized economy is, why to bet on it and what are the advantages of using a Peer To Peer payment system.

Bitcoin Cash works for you, me and anyone looking to use decentralized digital cash to transact freely without relying on the shackles that the traditional financial system pushes people to adopt. Bitcoin Cash is non - custodial, low fees, borderless and self bank-owned.


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