On January 3, 2009 GMT, mysterious Satoshi Nakamoto created, compiled, and packaged the first source code of Bitcoin on a small server in Helsinki, Finland, coining by himself the first block of Bitcoin——
Genesis Block, which marked the birth of Bitcoin.
Block #0 was recorded in the public ledger at 6:15 pm of server time on the day, and the mining reward was 50 Bitcoin. It was not until
six days later that Block #1, the second block of Bitcoin network, was dug out.
The emergence of Genesis Block represents the prelude to Bit World!The world was plagued by recession then, to commemorate the coming of Bitcoin, Satoshi Nakamoto engraved the headline of the front page of The Times of the day——
The Times 03/Jan/2009, Chancellor on brink of second bailout for banks on the first block.
Genesis Block is the first and the most important block in Bitcoin network, meaning beginning and origin. Over time, new blocks will continuously be added to the chain, and all subsequent blocks can be traced back to the first one. Without Genesis Block, Bitcoin must have disappeared already, let alone Bitcoin community trusted by tens of millions of people around the world and crypto field spread all over the world.
The boom of Bitcoin network and community witnessed the start and end of thousands of digital currencies. One after another, industry pioneers have been practicing and exploring, encouraging the spiral development of the entire crypto world.
To commemorate Satoshi Nakamoto, the first block of all cryptocurrency projects with independent public chain network will be named Genesis Block like Bitcoin did.
The genesis of independent public chains echoes that of Bitcoin, they are shining together.
But, have you ever thought about why did Satoshi Nakamoto pick the name Genesis Block? Is there any other meaning here?
As is known to all, Satoshi Nakamoto is a very meticulous and rigorous person, and every move of him means something. Till now, no one knows exactly who he is, where he is or why he created Bitcoin. Maybe the imprint he left can offer us some hint.
He could have named each block in the form of Arabic number such as Block #0, Block #1, Block #2, Block #3, Block #X to render those blocks appear equal. But he didn't.
Let's think about the original meaning of “genesis” first. In the entire human world, in the human cognitive system, there is only one who truly understands and practices its meaning——God.At the first beginning, God created heaven and earth.
The earth was of emptiness and chaos. The spirit of God was on the water.
God said let there be light and there was light.
That is the genesis of God, giving birth to the world.
In Bitcoin era, darkness was everywhere. Satoshi Nakamoto wrote down the startup code and said, "Let there be light", then light began to appear and Genesis Block was delivered. A whole new world unveiled.
That is the genesis of Bitcoin!From 2009 to 2021, 12 years is just a drop in the ocean of civilization history of mankind. Stunningly, the achievement in the 12 years alone has brought about earth-shaking changes in political, economic, and financial patterns and in the whole world and they are changing faster and faster like the acceleration in
Moore's Law.
Most of us look at Bitcoin based on current knowledge from today's prospective. But what if from the perspective of the future? What our vision would be in 10 years, 50 years, or even 100 years?
Perhaps only when that day comes, can we truly understand the original meaning of Satoshi Nakamoto's naming Block #0 as Genesis Block.Supposing that we come to the year of 2140 when 21 million Bitcoin are almost mined, looking back at 2009, we may be able to feel the sacred mission of the birth of Genesis Block: a wholly new world was created!
It was a moment of inauguration, of the birth of a new universe, of nirvana and rebirth of human civilization and of the beginning of a new human civilization. I call the civilization
Bit Civilization.
Why is this a new beginning? Because in two to five decades, mankind will suddenly discover that they have entered a world of trust and transparency built entirely by blockchain, a brand new civilization with new system and order. There is an essential difference between new civilization and the old one.The old chronology system is no longer suitable for the development of new civilization. Therefore, mankind decided to adopt a new chronology method. I call it
Bit Era System.
For the time being, human civilization employs the Gregorian chronology which starts with the legendary birth year of Jesus Christ and takes this year as the boundary.
The time before is called BC, and the time after, AD.
For Bit Era System, 2009, the year Bitcoin was born, will be set as the boundary.
Correspondingly, 2010 is the second after Bitcoin and 2008 is the first year before Bitcoin, and so on. The history of human civilization will be completely rewritten with the birth of Bitcoin.
This is the biggest change that Satoshi Nakamoto's creation of Bitcoin has brought to human civilization. Satoshi Nakamoto is the Creator of Bit Civilization who pioneered and created the world. He dug out the first block of Bitcoin, which marked the genesis of Bit Civilization. That is why he chose that name.What do you think?