According to the Bitcoin (BTC) exchange rate, El Salvador became the first country to adopt the cryptocurrency as legal tender, which is now immortalized on the blockchain.
Data from the Blockchain Research Service shows that block 686938 bears the message asamblea aprueba la ley bitcoin, which means the pool approves the bitcoin law, which was the front-page headline of El Salvador’s daily El Salvador’s El Diario on Wednesday.
Poolin, the third largest bitcoin mining pool after the hash rate, was responsible for mining the transaction block containing the message.
As previously reported by Cointelegraph, El Salvador’s legislature has passed legislation to make bitcoin legal in the country. Meanwhile, the increase in support for BTC by major governments in Latin America continues to cause excitement among some Bitcoin supporters.
In response to the growing trend, Chris Bernsky, partner at the blockchain-focused venture capital fund, tweeted that the move could be a way for Latin American countries to “pay back dollars and debt.”
Earlier this week, former US President Donald Trump doubled down on his stance on bitcoin by saying that bitcoin is competing with the US dollar.
Pulin’s badge for El Salvador’s historic Bitcoin legalization movement came more than a decade later after BTC creator Satoshi Nakamoto grabbed the headline in The Times on January 3, 2009 in the blockchain genesis:
“Times Jan 03/2009 Chancellor on the verge of second bank bailout”.
Many blocks in the Bitcoin blockchain also contain messages and other links that are meant to remind you of specific occasions.
When the 666,666 block height returned in January, the “winning miner” included a Bible verse: “Do not be overcome by evil, but conquer evil with good – Romans 12:21.”
In April, Bitcoin mining aggregator Coinbase F2Pool merged a New York Times article in block 679187.