In this video, we celebrate the 16th anniversary of Bitcoin and the Genesis Block, which was mined on January 3, 2009. 🎉
Here’s what I cover:
1️⃣ Genesis Block History: I discuss the birth of Bitcoin during the 2008 financial crisis and the significance of the Genesis Block in the creation of the Bitcoin blockchain.
2️⃣ Bitcoin’s Adoption: Fast forward to 2021, when El Salvador made Bitcoin legal tender, and how several major countries like the US, China, United Kingdom, and Ukraine now hold Bitcoin in their government treasuries.
3️⃣ Bitcoin Mining & Network Difficulty: I explain network difficulty—a measurement of the difficulty to mine a new block—and share my own experience with Bitcoin mining using a mining rig back in 2013.
This video is an educational dive into Bitcoin’s 16-year journey, its global adoption, and the technical aspects that have helped it thrive. It’s a moment to reflect on how far Bitcoin has come since its humble beginnings!
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💡 DISCLAIMER: This video is for educational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.