- The first bitcoin transaction in the real world is now said to be 10 years old. the history of Purchase of 2 pizzas for 10,000 Bitcoins, which will be 10 years old this May.
- This event is said to have taken place in 2010, just a year after Bitcoin was invented.
- This led to the instant popularity of Laszlo Hanic, a programmer, and Jeremy Sturdivant, a courier from Papa John’s Pizzeria, who were both the main characters in the story.
Bitcoin, the first Cryptocurrency is a decentralized one digital currency which could be sent from user to user on the P2P bitcoin network without involvement of Central bank or administration. Bitcoin, which was invented in 2009, was created as a reward for mining. They can also be used as exchanges for other currencies, products and services. It occupies them Blockchain technology to encrypt transactions.
Bitcoin has made a remarkable contribution to the crypto industry since then, it is not clear why it remains the most successful cryptocurrency in the world.
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To reveal one such story that established the success of Bitcoin is the story of buying 2 pizzas for 10,000 Bitcoins, which will turn 10 this May. This event is said to have occurred in 2010, a year after Bitcoin was invented.
This led to the instant popularity of Laszlo Hanic, a programmer, and Jeremy Sturdivant, a courier from Papa John’s Pizzeria, who were both the main characters in the story.
Bitcoin Pizza: The most expensive pizza in the world
In 2010, when the price of a Bitcoin was only a fraction of the cent and at a time when Bitcoin was not being considered as a major payment method, this story was an amazing example of realizing the importance Bitcoin created.
It all started when Laszlo Hanic, a Florida programmer, agreed to pay 10,000 bitcoins for a couple of pizzas. This became known through his question to Bitcointalk. He agreed to pay 10,000 bitcoins for pizzas, a few large ones as an example.
Following the course of this narrative, the transaction in the Internet Relay Chat (IRC) only took place after it was received by Hanic on the 4th day. The two big Papa John’s pizzas were delivered by Jeremy Sturdivant after agreeing to the payment method.
Back then, 10,000 bitcoins cost around $ 41 and two pizzas were $ 25. But currently, the cost has increased from 10,000 BTC to around $ 71 million.
The first bitcoin transaction
This recording of the first transaction involving Bitcoin as an exchange for a real product and service made a note in history. Hanich and Sturdivant let the world see the true possibilities of Bitcoin that even consumers and sellers did not know. It’s worth noting that both Laszlo and Jeremy had an interest in the crypto industry from the start. Both are Bitcoin enthusiasts who to this day share the same interest in the world of cryptocurrencies.
When the event took place, no one would have thought what remark and example this transaction would set and how memorable this story would be.
Shortly after the deal, Jeremy announced that he had sold that 10,000 BTC for $ 400. After that, he received a win in 10x. The more interesting fact is that Laszlo Hanic is back bought two more pizzas for bitcoins through the Lightning Network recently in 2018.
After the story was revealed and published, there was tremendous growth in Bitcoin and stories like this have helped Bitcoin evolve in ways unimaginable.