8 January 2009

The First Release of the Bitcoin software: Bitcoin v0.1

A photo representation of the Bitcoin event, The First Release of the Bitcoin software: Bitcoin v0.1

Bitcoin version 0.1 is the very first release of the Bitcoin software. It was released by Satoshi Nakamoto on January 8, 2009, just over two months after the publication of the Bitcoin whitepaper.
 

Key Features of Bitcoin v0.1:
 

- Wallet Creation: It allowed users to create wallets to store, send, and receive Bitcoin transactions.

- Mining Capability: Users could mine new bitcoins using the proof-of-work algorithm.  

- Blockchain Introduction: The software introduced the concept of the blockchain, a public ledger that records all transactions.

- Decentralization: It emphasized a peer-to-peer network without the need for a central authority.  
 

Technical Aspects:
 

- The initial release contained roughly 7000 lines of code, written primarily in C++.

- It included several key components such as main.cpp, script.cpp, net.cpp, db.cpp, and others that laid the groundwork for future development.  
 

Cultural Impact:

- Bitcoin v0.1 set the stage for a new financial ecosystem and has since inspired the creation of numerous bitcoin related products and businesses. 

- It demonstrated the feasibility of decentralized digital money, challenging traditional financial systems.


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