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Part 2: The Genesis Block — Bitcoin Is Born

  • Satoshi Nakamoto mined the Genesis Block of Bitcoin and embedded a political statement in its code.
  • The Genesis Block marked the beginning of a peer-to-peer system of money beyond governments and banks.
  • Satoshi sent 10 BTC to Hal Finney, marking the first peer-to-peer transfer of digital currency in a fully decentralized environment.
  • Bitcoin's birth introduced the concept of mining, where validators compete to solve complex mathematical problems to add new blocks to the blockchain.

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