Who made the first bitcoin transaction?

January 5, 2022 By Michael smith 0

Call it a fashion or real transaction. Cryptocurrency has taken the world by storm. No one can close their eyes on it. The virtual currency scene is a vibrant space for entrepreneurs and market investors. But how did it all start? The first encrypted transaction was obviously on two pizzas. Shock? Well, on May 22, 2010, Laszlo Hanyecz of Florida used his bitcoin transaction to buy two pizzas from a local pizzeria. This transaction is known as the first official use of Bitcoin to conduct a commercial transaction with an actual company. But Bitcoin is not yet an acceptable currency in the market. So, how does Laszlo Hanyecz trade his coins?

In 2010, Laszlo Hanyecz bought himself two pizzas for 10,000 bitcoins at a local pizza restaurant called Papa John’s. At that time, his Bitcoin was worth only $40.

However, since cryptocurrency is not yet a thing in the business world, Hanyecz contacted the Bitcointalk community and publicly traded his bitcoins to anyone willing to buy these pizzas from him. Considering the value of Bitcoin today (currently more than $46,000), these two types of pizzas can be considered the most expensive pizzas ever.

Since this transaction heralded the commercialization of cryptocurrencies in the real world, cryptocurrency enthusiasts named May 22nd as Bitcoin Pizza Day. 11 years have ended on this day this year.

Following the Bitcoin and pizza boom, none of this seems to stop anytime soon. Anthony Pompliano (the founder and partner of Morgan Creek Digital) announced a week-long Bitcoin pizza event through his Twitter account. The drive took place in May of this year. His tweet read: “Today I am going to announce Bitcoin Pizza-a new national pizza brand that will be launched in 10 cities.”

Who made the first bitcoin transaction?

Cryptocurrency exchanges like Binance and Huobi commemorate the infamous Bitcoin Pizza Day by announcing separate competitions. According to reports, Huobi’s prize pool is US$22,000, and one of its users will receive US$5,220. According to reports, Binance also launched an NFT promotion to provide the winner with $52,200 worth of Bitcoin pizza.

Bitcoin Pizza Day is not the only example of Bitcoin holders turning a day into an unofficial cryptocurrency holiday. On April 28, 2011, when Bitcoin creator Satoshi Nakamoto disappeared after stepping down as the project leader, Bitcoin holders named it Satoshi Nakamoto Disappearing Day.