El Salvador’s decision to adopt Bitcoin as legal cash has now been permanently recorded on the Blockchain as a mining pool. In block 686,938, Poolin adds a newspaper headline.
As is par for the course for Bitcoin (BTC), El Salvador, becoming the first nation-state to adopt the cryptocurrency as legal tender, is now immortalized on the Blockchain.
Information gleaned from the blockchain explorer service. The message is displayed on block 686,938 of Blockchain. “Asamblea aprueba la ley bitcoin” — meaning “assembly approves Bitcoin law” this was the front-page headline on Wednesday in El Salvador’s newspaper Diario El Salvador.
The transaction block containing the message was mined by Poolin, the third-largest Bitcoin mining pool by hash rate.
El Salvador’s legislature just passed a measure making Bitcoin legal cash in the country, as Cointelegraph previously reported. Meanwhile, a surge of support for Bitcoin continues to emerge from major political players in Latin America, much to the delight of Bitcoin supporters.
Chris Burniske, a partner at blockchain-focused venture capital firm Placeholder VC, responded to the rising trend by tweeting that the move might be a way for Latin American countries to “strike back at dollars and debt.”
Poulin’s tribute to El Salvador’s historic Bitcoin legalization comes more than a decade after Satoshi Nakamoto engraved The New York Times’ front-page headline from Jan. 3, 2009, on the Blockchain’s genesis block:
A few blocks in the Bitcoin network additionally include messages and other references intended to commemorate certain events.
When block height 666,666 was reached in January, the “winning miner” inserted the following Bible verse: “Do not be overcome by evil, but overcome evil with good – Romans 12:21.”
Coinbase had F2Pool, a Bitcoin mining pool, incorporate a New York Times story in block 679,187 in April.