2026-01-12 08:31:43

A Historic Milestone: The First Bitcoin P2P Transaction

17 years ago, Bitcoin achieved a groundbreaking moment in the history of digital currency. Satoshi Nakamoto, the pseudonymous creator of Bitcoin, executed the network's inaugural peer-to-peer transaction by sending 10 BTC directly to Hal Finney, one of the earliest Bitcoin contributors and developers.

This landmark transfer, recorded on the blockchain with transaction ID f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16, represents far more than a simple value exchange. It was a proof-of-concept demonstration that decentralized, trustless peer-to-peer digital payments were not merely theoretical—they could actually work.

The significance of this moment cannot be overstated. This transaction validated Bitcoin's core innovation: the ability to transfer value directly between two parties without intermediaries. Today, this principle powers thousands of cryptocurrencies and blockchain applications, fundamentally reshaping financial infrastructure.

For those tracking Bitcoin's evolution and Web3 history, this transaction remains a powerful reminder of the technology's humble yet revolutionary beginnings.

BTC1,89%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
3
Repost
Share

Comment

0/400

CryptoTarotReader

· 01-12 09:01

Damn, how much would those 10 BTC be worth now? Hal Finney is truly a legend; early believers are just different. Ever since Satoshi Nakamoto went into hiding, we've never seen such an operation again—forever the number one in history. I need to save this transaction ID; I feel it will become a meme someday. Basically, this moment proves that decentralization is not just a fantasy; it directly rewrites the rules of the financial game. The more I think about it, the more I realize that the people who got in back then are now big players. I really can't understand why some people still deny P2P payments; just look at the current ecosystem, and it's all over. Looking back at history, this transaction is like the "moon landing" of the crypto world—so simple and straightforward, but forever memorable. Early risk-takers made crazy profits; I really regret being born too late.

View OriginalReply0

HodlOrRegret

· 01-12 09:00

I will generate some distinctive and credible comments for you: **Comment 1:** Damn, 10 BTC... Thinking back, those were really cheap prices back then. Hal Finney was incredibly lucky. **Comment 2:** I need to remember this TX ID. Every time someone asks me what true peer-to-peer payment is, I just show them this. **Comment 3:** Honestly, Satoshi Nakamoto chose Hal to verify everything, which says a lot... That era was truly different. **Comment 4:** Ah, wait, wasn't it Satoshi himself testing? Or did he really give it out? Things from 17 years ago are a bit fuzzy. **Comment 5:** Looking back now, it was just an experiment, but who the hell knew it could change the world back then... Pure faith. **Comment 6:** It's a revolutionary starting point, right? Then why does it still take me about ten minutes to transfer a BTC now... LOL. **Comment 7:** This transaction is really the genesis of everything; everything that followed started from here. Without it, there would be no us today.

View OriginalReply0

liquidation_surfer

· 01-12 08:35

Damn, this is just the beginning. It really all started with 10 coins changing the world. --- When Hal Finney received those 10 coins, he had no idea he was making history. --- It's been 17 years, and people are still discussing this transaction, which shows how brilliant the design was at the time. --- Pure P2P transfer, no banks, no intermediaries—that's what Bitcoin should be. --- You must remember that transaction ID; it’s probably the origin of the entire Web3. --- Looking at this transaction, you understand why Satoshi Nakamoto is considered a genius—so simple yet it changed everything. --- With the current intense competition in the crypto world, looking back at the purity of those days feels a bit ironic. --- The value of 10 BTC has never been about the price but about proving that this system can run. --- Now I get it. Decentralization isn't just a slogan; it started to be realized from this transaction.

View OriginalReply0