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Birthday: Bitcoin was first harvested nine years ago

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On January 3, 2009, block 0 of the cryptocurrency Bitcoin was mined. The reward for this was 💎50💎 bitcoins.

Nine years ago, trade in cryptocurrency Bitcoin started. On January 3, 2009, server time 18:15, the first block of Blockchain was created, reports Thenextweb. Block 0's mining brought back a reward of 50 bitcoins, which is $ 700,000 today. The next block (Block 1) was mined six days later, on January 9, 2009.

In the meantime, more than half a million blocks have been mined. About every five to eight minutes, a new block is mined and entered into the blockchain. The reward is currently 12.5 bitcoins per block. The Bitcoin system provides that the reward halves every 210,000 blocks.

Since the launch of Bitcoin in 2009, the market for cryptocurrencies has grown rapidly. There are currently over 1,000 different digital currencies. The entire market is worth about $ 695 billion. The share of the market leader Bitcoin at it amounts to approximately 250 billion US dollar.

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Birthday: Bitcoin was first harvested nine years ago | Ecency