Another 2010 block reward was spent on Wednesday morning (ET) adding to the great number of ‘Satoshi era’ or so-called ‘sleeping bitcoins’ waking up in 2020. The block reward with 50 bitcoins was created on November 11, 2010, and transferred in block 652,669 after ten years.
During the last few weeks, news.Bitcoin.com has been leveraging multiple tools to crawl the BTC blockchain, in order to research a great number of old coins that have moved this year. The term ‘Satoshi era’ refers to the period when Satoshi Nakamoto, Bitcoin’s inventor, was still participating with the community, until he/she/ or they left in December 2010.
A great number of block rewards from this era have sat dormant for over a decade and blockchain researchers also refer to these coins as ‘zombie’ or ‘sleeping’ bitcoins. It is estimated that there are anywhere between 1.5 to 1.8 million BTC ($20B) that are considered ‘sleeping’