The Cretaceous–Paleogene (K–Pg) boundary, formerly known as the Cretaceous–Tertiary (K-T) boundary, is a geological signature, usually a thin band of rock. K, the first letter of the German word Kreide (chalk), is the traditional abbreviation for the Cretaceous Period and Pg is the abbreviation for the Paleogene Period. The Cretaceous–Paleogene (K–Pg) boundary, formerly known as the Cretaceous–Tertiary (K-T) boundary, is a geological signature, usually a thin band of rock. K, the first letter of the German word Kreide (chalk), is the traditional abbreviation for the Cretaceous Period and Pg is the abbreviation for the Paleogene Period. The K–Pg boundary marks the end of the Cretaceous Period, the last period of the Mesozoic Era, and marks the beginning of the Paleogene Period, the first period of the Cenozoic Era. Its age is usually estimated at around 66 Ma (million years ago), with radiometric dating yielding a more precise age of 66.043 ± 0.011 Ma. The K–Pg boundary is associated with the Cretaceous–Paleogene extinction event, a mass extinction which destroyed a majority of the world's Mesozoic species, including all dinosaurs except for birds. Strong evidence exists that the extinction coincided with a large meteorite impact at the Chicxulub crater and the generally accepted scientific theory is that this impact triggered the extinction event. In 1980, a team of researchers consisting of Nobel Prize-winning physicist Luis Alvarez, his son, geologist Walter Alvarez, and chemists Frank Asaro and Helen Michel discovered that sedimentary layers found all over the world at the K–Pg boundary contain a concentration of iridium many times greater than normal (30 times the average crustal content in Italy and 160 times at Stevns on the Danish island of Zealand). Iridium is extremely rare in the earth's crust because it is a siderophile element, and therefore most of it sank with iron into the earth's core during planetary differentiation. As iridium remains abundant in most asteroids and comets, the Alvarez team suggested that an asteroid struck the earth at the time of the K–Pg boundary. There were other earlier speculations on the possibility of an impact event, but no evidence had been uncovered at that time. The evidence for the Alvarez impact theory is supported by chondritic meteorites and asteroids which have an iridium concentration of ~455 parts per billion, much higher than ~0.3 parts per billion typical of the Earth's crust. Chromium isotopic anomalies found in Cretaceous–Paleogene boundary sediments are similar to those of an asteroid or a comet composed of carbonaceous chondrites. Shocked quartz granules and tektite glass spherules, indicative of an impact event, are also common in the K–Pg boundary, especially in deposits from around the Caribbean. All of these constituents are embedded in a layer of clay, which the Alvarez team interpreted as the debris spread all over the world by the impact. Using estimates of the total amount of iridium in the K–Pg layer, and assuming that the asteroid contained the normal percentage of iridium found in chondrites, the Alvarez team went on to calculate the size of the asteroid. The answer was about 10 km (6.2 mi) in diameter, about the size of Manhattan. Such a large impact would have had approximately the energy of 100 trillion tons of TNT, or about 2 million times greater than the most powerful thermonuclear bomb ever tested. One of the consequences of such an impact is a dust cloud which would block sunlight and inhibit photosynthesis for a few years. This would account for the extinction of plants and phytoplankton and of organisms dependent on them (including predatory animals as well as herbivores). However, small creatures whose food chains were based on detritus might have still had a reasonable chance of survival. Vast amounts of sulfuric acid aerosols were ejected into the stratosphere as a result of the impact, leading to a 10–20% reduction in sunlight reaching the Earth's surface. It would have taken at least ten years for those aerosols to dissipate. Global firestorms may have resulted as incendiary fragments from the blast fell back to Earth. Analyses of fluid inclusions in ancient amber suggest that the oxygen content of the atmosphere was very high (30–35%) during the late Cretaceous. This high O2 level would have supported intense combustion. The level of atmospheric O2 plummeted in the early Paleogene Period. If widespread fires occurred, they would have increased the CO2 content of the atmosphere and caused a temporary greenhouse effect once the dust cloud settled, and this would have exterminated the most vulnerable survivors of the 'long winter'.