What Is a Genesis Block?

A genesis block is the name given to the first block of a cryptocurrency. Modern versions of Bitcoin, for instance, number it as Block 0, though early versions counted it as Block 1.

A Blockchain consists of blocks that store information about transactions that occur on the network.

All blocks are in sequence and are layered one over another, with the foundation being the genesis block.

The genesis block is special in that it does not reference a previous block.

The History of Bitcoin: Genesis Block (Video)

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