I have been thinking for a while and can’t really figure this out..
From my understanding, in Bitcoin network, ‘bitcoins’ are created when a miner successfully mines a transaction. So this means in order for the network to create a bitcoin, there has to be something to be mined and that something is transaction.
But what I also read, the first transaction was from Satoshi to Hal where Satoshi transferred 10 BTC to Hal. How is the possible since to create 10 BTC, they had to do mining previously which can only be done on previous transaction which makes this transaction not first.. Circular.
Or is it the genesis bitcoin was created without mining? Could be the case, but I am not able to find a reference to that.
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