Genesis Block
Definition
The Genesis Block is the first block that forms the basis of a blockchain network and is usually created manually, marking the beginning of the network and establishing the connection of other blocks.
The Genesis Block is the first block of a blockchain and represents the beginning of the system. This block is created by mining at the moment the blockchain is created and contains information about the initial state of the system. The Genesis Block plays a role in referencing the creation of other blocks and determining the history of the system. This block can usually contain a specific message, image or symbolic content. The Genesis Block is the starting point of the entire history and transaction history of a blockchain.
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The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
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