Category: Blockchain

What is Genesis Block?

Summary Definition: The very first block ever recorded on a blockchain, usually designated as Block 0 or Block 1.

Detailed Technical Explanation

The inaugural block of a blockchain network, hardcoded into the software client without pointing to a previous block hash. Bitcoin’s Genesis Block was mined on January 3, 2009.

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Related Blockchain Terms

Block

A structured package of verified transactions cryptographically linked to the preceding...

Blockchain

A distributed, immutable digital ledger of cryptographically linked blocks shared across...

Consensus

The mechanism through which distributed nodes agree on the single canonical state of the...

Fork

A change to the consensus rules of a blockchain resulting in a divergence of the network...

Hard Fork

A non-backward-compatible protocol upgrade requiring all validating nodes to update their...

Soft Fork

A backward-compatible protocol upgrade where non-upgraded nodes still recognize new...

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