Bitcoin Network Celebrates 17th Anniversary Since Genesis Block Mining
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 03 2026- Milestone of the Genesis Block: On January 3, 2009, Satoshi Nakamoto successfully mined the Bitcoin Genesis Block at 18:15:05 UTC, marking the birth of decentralized digital currency and initiating a financial system without central authority.
- Symbolic Message in the Blockchain: The embedded message in the Genesis Block, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” serves as a timestamp and critiques the traditional banking system, becoming Bitcoin's mission statement.
- Unspendable 50 BTC: The Genesis Block included a 50 BTC reward that is permanently unspendable due to its coding, and while users have sent small amounts to the address as tribute, the original 50 BTC remain untouched since the network's inception, symbolizing Bitcoin's original intent.
- Beginning of a Decentralized Monetary Network: Genesis Day not only marks the birth of Bitcoin but also represents a successful solution to the double-spending problem, launching a peer-to-peer monetary network governed by code, cryptography, and decentralized consensus, profoundly influencing global perceptions of money.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
