“G” Letter

17.06.2024

Genesis block

is the first block in the block chain (blockchain) that is created and initialized when the cryptocurrency itself is launched. It is the starting point for all subsequent transaction history and data in a given cryptocurrency. A genesis block does not refer to a previous block, since it is the beginning of the entire blockchain structure, and it usually has unique characteristics or data that distinguishes it from all other blocks in the chain.

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