Welcome to EverybodyWiki ! Nuvola apps kgpg.png Sign in or create an account to improve, watchlist or create an article like a company page or a bio (yours ?)...

Genesis block

From EverybodyWiki Bios & Wiki
Jump to navigation Jump to search


A genesis block is the first block of a block chain. Modern versions of Bitcoin number it as block 0, though very early versions counted it as block 1. The genesis block is almost always hardcoded into the software of the applications that utilize its block chain. It is a special case in that it does not reference a previous block, and for Bitcoin and almost all of its derivatives, it produces an unspendable subsidy. It is needed to be produced by the creator of a blockchain. On 3 January 2009, the bitcoin network came into existence with Satoshi Nakamoto mining the genesis block of bitcoin (block number 0), which had a reward of 50 bitcoins.

Embedded in the coinbase transaction of this block was the text:

The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

References[edit | edit source]

Genesis block[edit | edit source]

This article "Genesis block" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Genesis block. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.



Compte Twitter EverybodyWiki Follow us on https://twitter.com/EverybodyWiki !