One of the unique features of blockchain, which separates it from other networks is transparency. All the transactions on the public ledger are traceable. In fact, everyone is able to search through blockchain network and trace any specific transaction. In this article we are going to find out that what happened to the first ever mined Ethereum.
What happened to the first ever mined Ethereum; Coinfirm found out
Coinfirm is a blockchain analytics and Anti-Money Laundering company. This company analyzed the Ethereum blockchain in order to find out that what happened to the first ever mined Ethereum.
Ethereum launched on July 30, 2015. Since then organizations or institutions try to figure out what happened to the first ever mined Ethereum. But, recently Coinfirm found out the answer.
Blasidell is the co-founder and CEO Grant of Coinfirm. In his recent interview with Cointelegraph he said, “one of the great features of blockchain is that all the data is transparent and you can understand and see the creation of value and how it moves.”
He also added, that blockchain transparency gives the possibility to trace any transactions. Unlike traditional banking system that just printing money by central banks and all the data and information about it is unknown.
The first mined ETH coin is moved to exchanges
The data from Coinfirm show that the first ever mined Ethereum belongs to the following address:
This address received 5 ETH as the first ever mined Ethereum.
Over the time this address accumulated 265.63 ETH as mining rewards. The data from Coinfirm shows that the first mined 5 ETH moved to Kraken crypto exchange.
Wei is the smallest amount of ETH. It’s same as Satoshi for Bitcoin. The statistics shows that one Wei of the first ever mined Ethereums transferred to the below address:
Finally, the address sent ETH to three different addresses in four separate times.