project:nft-bitcoin-genesis-block:start
Differences
This shows you the differences between two versions of the page.
Next revision | Previous revision | ||
project:nft-bitcoin-genesis-block:start [2021/03/16 23:32] – created gribaart | project:nft-bitcoin-genesis-block:start [2021/03/17 12:18] (current) – gribaart | ||
---|---|---|---|
Line 1: | Line 1: | ||
- | Hello, World! Artem here! | + | ==== Hello, World! Artem here! ==== |
- | I want to introduce you to my digital conceptual artwork " | + | Hello, World! |
- | This is an NFT token that represents the Genesis Block of Bitcoin. | + | The Genesis Block is the first block in a bitcoin blockchain and can be found at zero block height. |
- | What Is Genesis Block? | + | In this work, I used the principle of uniqueness, the key idea of the NTF token as a metaphor to express the uniqueness of Bitcoin as a technology and its great importance of this first blockchain block, for the financial industry and the transparent world in general. |
+ | |||
+ | It is a digital peace of modern conceptual art, an eternal memorial of human freedom that will live as long as the gas burns and the ether exists. | ||
+ | |||
+ | The true gift of the Genesis Block, however, is its legacy of accountability, | ||
+ | |||
+ | " | ||
+ | {{: project: | ||
+ | |||
+ | |||
+ | === What Is Genesis Block? | ||
Genesis Block is the name of the first block of Bitcoin ever mined—thus called " | Genesis Block is the name of the first block of Bitcoin ever mined—thus called " | ||
Line 12: | Line 22: | ||
Perhaps the true gift of the Genesis Block is its legacy of accountability, | Perhaps the true gift of the Genesis Block is its legacy of accountability, | ||
- | Fans of the Genesis Block | + | === Fans of the Genesis Block === |
Because the Genesis Block, also known as Block 0, began the process of trading bitcoin, Bitcoin fans hold the Genesis Block in a kind of cult-like reverence, as they do its creator. Fans are drawn to Bitcoin' | Because the Genesis Block, also known as Block 0, began the process of trading bitcoin, Bitcoin fans hold the Genesis Block in a kind of cult-like reverence, as they do its creator. Fans are drawn to Bitcoin' | ||
Bitcoin devotees have been donating small amounts of bitcoin (BTC) to the Genesis Block as a tribute to Satoshi Nakamoto. This is seen as a kind of sacrifice because once a coin is moved into the Genesis Block, it can never be moved again—sort of like throwing a quarter into a fountain. | Bitcoin devotees have been donating small amounts of bitcoin (BTC) to the Genesis Block as a tribute to Satoshi Nakamoto. This is seen as a kind of sacrifice because once a coin is moved into the Genesis Block, it can never be moved again—sort of like throwing a quarter into a fountain. | ||
- | A Quick Bitcoin Primer | + | === A Quick Bitcoin Primer |
Bitcoin is a type of cryptocurrency, | Bitcoin is a type of cryptocurrency, | ||
Line 24: | Line 34: | ||
Like gold, Bitcoin cannot be created arbitrarily. Gold must be mined out of the ground, and BTC must be mined via digital means. Moreover, Bitcoin' | Like gold, Bitcoin cannot be created arbitrarily. Gold must be mined out of the ground, and BTC must be mined via digital means. Moreover, Bitcoin' | ||
- | Mysteries of the Genesis Block | + | === Mysteries of the Genesis Block === |
Beginning with the fact that the name, " | Beginning with the fact that the name, " | ||
- | The First 50 BTC Could Not be Spent | + | === The First 50 BTC Could Not be Spent === |
The Genesis Block' | The Genesis Block' | ||
Line 36: | Line 46: | ||
Current versions of the Bitcoin system handle the block/ | Current versions of the Bitcoin system handle the block/ | ||
- | The Genesis Block' | + | === The Genesis Block' |
Another puzzling aspect of the Genesis Block is the secret message that Nakamoto instilled within the Block' | Another puzzling aspect of the Genesis Block is the secret message that Nakamoto instilled within the Block' | ||
Although Nakamoto never commented on the meaning of this text, most believe that it serves as a mission statement for Bitcoin itself. The text is a headline for an article in the January 3, 2009 edition of The [London] Times about the British government' | Although Nakamoto never commented on the meaning of this text, most believe that it serves as a mission statement for Bitcoin itself. The text is a headline for an article in the January 3, 2009 edition of The [London] Times about the British government' | ||
- | The True Legacy of the Genesis Block | + | === The True Legacy of the Genesis Block === |
Bitcoin cannot be bailed out because its process eliminates the middleman; there is no third-party, | Bitcoin cannot be bailed out because its process eliminates the middleman; there is no third-party, | ||
Line 49: | Line 59: | ||
KEY TAKEAWAYS | KEY TAKEAWAYS | ||
- | Genesis Block is the name of the first block of Bitcoin ever mined. | + | |
- | In 2009, a developer named Satoshi Nakamoto created the Genesis Block. | + | |
- | The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain. | + | |
- | Article by CARLA TARDIGenesis | + | Article by CARLA TARDI, Genesis |
project/nft-bitcoin-genesis-block/start.1615937541.txt.gz · Last modified: 2021/03/16 23:32 by gribaart