Genesis Block
The first block of a blockchain is known as a genesis block, and it is normally hardcoded into the application’s program. Many “bits” (containing authenticated transactions and operation data) are joined together by a metaphorical chain in a blockchain.
¿What did the Bitcoin Genesis Block say?
Genesis blocks are particularly important because they are the backbone of a blockchain and often contain fascinating stories or hidden meanings. The now-famous message “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks” appears in Bitcoin’s genesis block, a nod to the worsening financial conditions at the moment, as well as the motivation behind the development of cryptocurrencies such as Bitcoin and Ethereum. In 2009, the genesis block of Bitcoin held 50 BTC.
Related content
- Nexo Commits to Supporting Open-source Bitcoin Development with $150K Donation to Brink LONDON, UK Mar 11 2021 (Blockchain Wire) Nexo, the leading provider of financial services for digital assets, has made a substantial donation of $150,000 to Brink, a nonprofit organization focused on supporting Bitcoin (BTC) development through fundamental research and development. Brink administers several...
- Crypto Events Archive A growing list of past crypto and blockchain events from around the world. Conferences, workshops, meetups, hackathons, conferences....
- How to earn Bitcoins The most important standard mode for obtaining Bitcoins is by purchasing it on an exchange. Some people prefer to keep them for a while expecting the currency to appreciate, while others prefer to make the most of selling them when...
- Sofi Money: fintech strikes back? What is Sofi Money? SoFi Money is a cash management account that allows you to link your debit cards and bank accounts online. You can also receive tax refunds from big companies like Amazon or Uber right into your SoFi...