In the history of Bitcoin’s development, there have been hundreds of millions of transactions on the Bitcoin blockchain, of which 8 transactions are enough to be recorded in the history of Bitcoin’s development. Now, let’s take a look at these eight transactions.
1.January 12, 2009: Bitcoin genesis transaction
Number one is the first transaction on the Bitcoin blockchain, which allegedly took place between two people, and one of them, the sender of the transaction, was “Satoshi Nakamoto.” The Bitcoin genesis transaction took place on January 12, 2009, when “Satoshi Nakamoto” sent 50 Bitcoins to Hal Finney at block 170, the transaction cost at that time and the birth of Bitcoin Same as the beginning – 0.
2.October 12, 2009: First Bitcoin/Fiat Currency Transaction
On October 12, 2009, Finnish developer Martti Malmi sold 5,050 bitcoins for $5.02 and received a buyer’s transfer of fiat money through PayPal, the world’s first use of Bitcoin transactions for fiat currencies. Ten years ago, the only way to get bitcoin was by mining, and Coinbase offered mining rewards “up to” 50 bitcoins at the time.
3.May 22, 2010: Bitcoin Pizza Transaction
Laszlo Hanyecz, a programmer from Jacksonville, Florida, became famous not for the code he wrote, but for paying 10,000 bitcoins for a pizza. Now, even if you are not a “currency person”, you may already know this person from various gossip news media. Of course, we’re only interested in the blockchain record of this legendary Bitcoin transaction, which occurred at Bitcoin block 57043, which records Laszlo Hayez’s May 2010 transaction. 10,000.99 BTC was sent on March 22. By the way, 0.99 BTC is the top bit of the block and the fee you need to pay the miners, which is equivalent to 4191 satoshis per byte.
4.June 23, 2011: Huge transaction of “Toumengou”
When most Bitcoin whales want to prove they own a specific Bitcoin address, they usually send a small transaction from their address, and it only takes a few satoshis to prove the authenticity of the funds. However, Mark Karpeles, CEO of the Mt.Gox cryptocurrency exchange, is very maverick. Although he is also required to prove the funds he oversees, in order to show his Strength, he sent a large sum of bitcoins from one wallet he controlled to another.
According to leaked IRC logs, Marc Karpeles sent 442,000 bitcoins, and blockchain records attest to the transaction. On June 23, 2011, 442,000 bitcoins were confirmed to be sent to two addresses in one transaction, and one transfer amounted to 424,000 bitcoins, which was also the largest bitcoin transfer amount at the time until 2011. Another transfer of up to 550,000 bitcoins took place in September.
5.May 16, 2013: Transaction with the highest transaction fee
“Hi, the transaction fee I entered is too high… Anyway, can I prevent the transaction from confirming?” – The story happened in 2013, when a Reddit forum netizen posted that he had entered the wrong transaction fee. On May 16, 2013, the Reddit forum netizen claimed that he sent a 98 bitcoin transaction, but added a fee of 30 bitcoin, which is equivalent to 6.8 million satoshis per byte.
Finally, this netizen got help. The bitcoin mining pool that confirmed the block returned him 7.5 bitcoins, which gave him some consolation. By the way, this is not the highest fee for a Bitcoin transaction yet – someone did a Bitcoin transaction in August 2013 and the fee was 200 BTC. Of course, the fee was eventually refunded “kindly” by the Bitcoin mining pool that confirmed the relevant block. There is also a Bitcoin transaction with a higher fee, which occurred in 2016, when a user sent a transaction of 0.0001 BTC and ended up with a fee of 291 BTC.
6.March 31, 2013: Bitcoin extortion case
On March 31, 2013, the operator of the Dark Web Silk Road “Dread Pirate Roberts” (Dread Pirate Roberts) sent 1607 bitcoins to a user “redandwhite”, this user is actually a US Drug Enforcement Agency agent, he hoped to blackmail the dark web. Internet market, and finally reached a deal for a negotiated price of $150,000. The transaction passed 322,639 confirmations and cannot be rolled back.
7.July 1, 2014: U.S. Marshals auction off the bitcoins seized by the darknet “Silk Road”
On July 1, 2014, the U.S. Marshals held an auction to auction off bitcoin assets seized from the dark web “Silk Road”. In the end, about 30,000 bitcoins were auctioned to the winning bidder, and the auctioned bitcoins were divided into 10 blocks, and one person won the bid for each block. The winning bidder at the time was Tim Draper, a well-known Silicon Valley investor, and his $18 million bitcoin purchase now seems like an absolute shrewd investment.
8.2015: Bitstamp Bitcoin Stolen
In the cryptocurrency industry, it is common to hear about Bitcoin being stolen by hackers. But the most notorious was the theft of cryptocurrency exchange Bitstamp in 2015, when the exchange lost nearly 20,000 bitcoins.
With the rapid development of digital assets, there are more and more bitcoin transactions. Will there be memorable bitcoin transactions in the future? Let us witness it together!