Bitcoin, a change in the economic landscape
In January 2019 it was the tenth anniversary since the launch of Bitcoin. Ten years in which Bitcoin itself has been evolving as it encountered challenges on its way. And not only this, when looking back it gives the sensation of looking at the universe through a telescope. And it is that today it can be said that the genesis block of Bitcoin was the Big Bang of cryptocurrencies, creating a rich ecosystem full of galaxies in the form of blockchains.
Meanwhile, there are developers who are considering new ways to generate and preserve genesis blocks. This is because under the current dynamics there is a risk of delaying transactions due to the large write size of blockchains.
Now you know what a genesis block is and its curious origin. “Being your own bank” was and still is the goal of Bitcoin and many other cryptocurrencies. For this reason, some experts assure that we will continue to see the community grow, until achieving global economic independence.
Did you already know what is blockchain? If you do not know the topic yet, we invite you to read our article about it.