Ethereum: First Non-Coinbase Transaction
Ethereum, one of the most popular blockchain platforms, has a rich history dating back to 2014. One of the first notable transactions on the Ethereum network was the first non-Coinbase transaction.
When was the first non-Coinbase transaction?
According to historical records, the first non-Coinbase transaction on Ethereum took place in February 2015. At the time, the Ethereum testnet was still live and developers were experimenting with various use cases for the platform.
The transaction in question involved transferring Ether (ETH) from an account outside of Coinbase to an account on Coinbase, one of the largest Ethereum exchanges. This transaction was the first time an individual had successfully transferred ETH to a public blockchain without using a centralized exchange or wallet.
Block Number
The block number associated with this transaction is #1.6.
First Real Trading Event
If we knew what the first real trading event was after this transaction outside of Coinbase, it would probably have been the launch of the Ethereum-based decentralized application (dApp) Golem Mining in April 2015.
Golem Mining was a Proof-of-Contribution (PoC) protocol that allowed users to mine Ether for other projects. The first real trading event on this platform would have been when the first miner mined and staked their reward pool, marking the beginning of the era of decentralized Ethereum computing.
Event Timeline
Here is a brief timeline of the events leading up to the transaction outside of Coinbase:
- February 2015: An account outside of Coinbase (e.g. Coinbase) created an ETH wallet.
- March 2015: The first transaction outside of Coinbase took place, transferring ETH from one account to another.
- April 2015: Golem Mining launches on Ethereum as a PoC protocol.
This event marked the beginning of Ethereum’s evolution into a decentralized, open-source platform for a variety of applications. The success of this transaction outside of Coinbase paved the way for future innovations in blockchain technology.