#BinancePizza BinancePizza The first Bitcoin transaction took place on January 12, 2009, just three days after the Bitcoin software was released. The creator of Bitcoin, known by the pseudonym Satoshi Nakamoto, sent 10 Bitcoins to Hal Finney, an American software developer and one of Bitcoin's early supporters.

This transaction was essentially a test to ensure that the Bitcoin system was functioning correctly. During the first year, this was the only recorded transaction on the Bitcoin blockchain. It was only in January 2010 that other users began to conduct transactions.

It is important to note that this first transaction did not involve an established market price for Bitcoin, as the cryptocurrency had no monetary value at that time. The first known use of Bitcoin for a real-world purchase occurred on May 22, 2010, when Laszlo Hanyecz exchanged 10,000 Bitcoins for two pizzas, an event that is now known as "Bitcoin Pizza Day."

The genesis block of Bitcoin, the first block of the blockchain, was mined by Satoshi Nakamoto on January 3, 2009. It contained a coded message: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks," a possible reference to the global financial crisis at the time and a motivation for creating a decentralized financial system. The 50 Bitcoins mined in the genesis block have never been spent.