As a standard for Bitcoin courses (Bitcoin), El Salvador became the first nation-state to adopt cryptocurrency as legal tender, and it is now immortal on the blockchain.
Data from the blockchain browser service Blockchair display Block with message 686,938 “The General Assembly Approves the Bitcoin Law” — Means “Parliament Approves Bitcoin Law” — This is the front page title Carried El Salvador Daily, El Salvador Daily, Wednesday.
This is the cover #DiarioElSalvador Wednesday, June 9, 2021. #Daily #DES pic.twitter.com/D2tgNG2TPK
-El Salvador Newspaper (@elsalvador) June 9, 2021
Poolin is the third largest Bitcoin mining pool calculated by hash rate and is responsible for mining the transaction block containing the message.
This El Salvador headline announcement #Bitcoin It has become legal tender and has only just been embedded in the blockchain. Now it will stay there forever. pic.twitter.com/DtHiFDB4XM
— Documenting Bitcoin (@DocumentingBTC) June 9, 2021
As Cointelegraph previously reported, El Salvador’s legislature Passed a bill to make Bitcoin a legal tender domestic. At the same time, the wave of support for BTC from major government figures in Latin America continues to excite several Bitcoin supporters.
In response to the growing trend, Chris Burniske, partner of Placeholder VC, a venture capital fund focused on blockchain, Tweet This move may be a means for Latin American countries to “counterback the dollar and debt.”
Earlier this week, former U.S. President Donald Trump doubled down on his Bitcoin position, saying BTC is competing with the U.S. dollar.
More than a decade after Bitcoin creator Satoshi Nakamoto, Poolin commemorates Salvador’s historic Bitcoin legalization initiative Etched the front page headline of The Times From January 3, 2009, on the genesis block of the blockchain:
“The Times on January 3, 2009, the Chancellor of the Exchequer is about to carry out a second bailout to the bank.”
Some blocks in the Bitcoin blockchain also contain messages and other reference materials designed to commemorate certain occasions.
When the block height of 666,666 appeared in January, the “winning miner” Include a verse from the Bible: “Do not be conquered by evil, but conquer evil with good—Romans 12:21.”
In April, Coinbase owns Bitcoin mining pool F2Pool Embed New York Times Article In block 679,187.