Technical Definition
Genesis Block
The Genesis Block is the very first block of a blockchain.
By Crypto University Editorial
BlockchainBlockMining
✦ Key Insight
Every blockchain begins with a genesis block, making it the starting point of the entire ledger.
✕ Common Misconceptions
Assuming it contains normal transactions.
Detailed Explanation
How It Works
It contains the original configuration of the blockchain.
In Practice
“Bitcoin's Genesis Block was mined on January 3, 2009.”
Dig Deeper
Blockchain
A blockchain is a decentralized digital ledger that records transactions in blocks, links those blocks together, and makes the record difficult to alter.
Block
A block is a collection of validated transactions added to a blockchain.
Mining
Mining is the process used by proof-of-work blockchains in which specialised computers perform computational work to compete for the right to add new blocks. Bitcoin is the most prominent example.