On January 3 of 2009, the Genesis Block of Bitcoin was released by Satoshi Nakamoto. It is called ‘Genesis Block’ since it contained the first bitcoin transaction of history. Today, Bitcoin is the most widely known and used cryptocurrency with more than 18m bitcoins circulating.
INLOCK gives you the opportunity to keep your cryptocurrencies while earning on them or using them as collateral to get a loan. Of course, we strongly believe in Bitcoin and in the Bitcoin network as well, as we believe this is the strongest decentralized network ever made.
Over the past few years, the Bitcoin network has grown at an unprecedented rate. This rise has also significantly increased its security. Since we trust Bitcoin, we reduced all Bitcoin-related transactions’ necessary confirmations from 6 to 3 in INLOCK!
First raw bitcoin transaction, contains the famous quote
Following part from Bitcoin’s Wikipedia page:
The coinbase parameter (seen in hex) contains, along with the normal data, the following text:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
This was probably intended as proof that the block was created on or after January 3, 2009, as well as a comment on the instability caused by fractional-reserve banking. Additionally, it suggests that Satoshi Nakamoto may have lived in the United Kingdom.
This detail, “second bailout for banks” could also suggest that the fact a supposedly liberal and capitalist system, rescuing banks like that, was a problem for satoshi . . . the choosen topic could have a meaning about bitcoin’s purpose