What are the key features of a blockchain's genesis block?

2 answers

• Jan 12, 2022 · 3 years ago
  The genesis block is the first block in a blockchain. It's like the birth certificate of the blockchain. It has a special timestamp, a random number called nonce, and initial parameters like the maximum supply of the cryptocurrency and the difficulty level. It also has a unique identifier or hash that makes it different from other blocks in the blockchain. Without the genesis block, there would be no blockchain. It's the starting point of everything!
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• Jan 12, 2022 · 3 years ago
  The genesis block is the first block in a blockchain. It's like the starting point of the blockchain's journey. It has a special timestamp that marks its creation. This timestamp is used to calculate the age of the blockchain. The genesis block also contains a nonce value, which is a random number used in the mining process. This nonce helps in finding the right hash for the block. The genesis block also sets the initial parameters of the blockchain, such as the maximum supply of the cryptocurrency and the block time. These parameters are crucial for the proper functioning of the blockchain. Lastly, the genesis block has a unique identifier or hash that distinguishes it from other blocks. This hash ensures the authenticity and integrity of the block.
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