What is bitcoin's genesis block?

Bitcoin's Genesis Block was the first instance of a proof-of-work blockchain system and is the template for all other blocks in its blockchain. In 2009, Bitcoin's pseudonymous developer, Satoshi Nakamoto, created the Genesis Block, which launched the cryptocurrency boom that is ongoing today.

How was Genesis bitcoin mined?

Unlike the vast majority of Bitcoin blocks mined today, the genesis block was almost certainly mined by a computer using its central processing unit (CPU). The first block only had a difficulty of 1, which means it was likely mined practically instantly.

When did bitcoin start?

On Saturday, January 3, 2009, Bitcoin was born. With the creation of the very first Bitcoin block—known as the 'Genesis Block'—the first set of 50 BTC was mined into existence. This genesis block is considered the start of the Bitcoin blockchain —and the beginning of the cryptocurrency revolution.

How long did it take bitcoin to become a 'timechain'?

Satoshi initially described the Bitcoin blockchain as a 'timechain'. (Image: Bitcointalk) Although the Bitcoin network first went live on January 3, 2009, it took more than a week before the first Bitcoin transaction was actually made.