• The Genesis Block

    1. What is Genesis Block

    The word Genesis is used to refer to the beginning of something. In Religion, it refers to the beginning of creation and life as we know it - the beginning of the beginning. The word also means the same thing in Blockchain terms.

    Simply put, The Genesis Block is the first ever block of a blockchain. It is the Adam of all blocks having no previous hash or ancestry behind it. As the original, it is the common history of every other block on the blockchain. It indirectly defines the hash of other blocks with its hash referenced in every new block.

    The Genesis Block of a Blockchain is regarded as the foundation of that blockchain. It is usually depicted as Block 0 on the Blockchain but some Blockchains refer to it as Block 1.

    Now we have known what The Genesis Block is, let us look at the Bitcoin Genesis Block.

    2. WHAT IS BITCOIN GENESIS BLOCK

    In the beginning, there was fiat money and a conventional banking system. The Government controlled the whole financial system with their policies. Money and value were centralized.

    But then, in 2008, the Bitcoin Whitepaper was published with promising details of a decentralized digital cash system strictly on a peer-to-peer level. The dream was realized on the 3rd of January, 2009 when the anonymous Bitcoin founder(s), Satoshi Nakamoto, made a Bitcoin transaction giving birth to Block 0, the Bitcoin Genesis Block. This single event would later lead to a wide creation and adoption of cryptocurrencies which is still happening 12 years later.

    Mining the Genesis Block was easier than what we have today and the reward was a lot higher. The reward for mining a block today is 6.25BTC while that of the Genesis Block was 50BTC.

    The hash for the Genesis block is:

    000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f


    These coins were sent to an address where it remains untouchable and seemingly unspendable.

    The wallet address the coins were sent to is:
    1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa

    If you check the wallet address on the Block explorer you would notice that there are more than 50BTC in the wallet. As of the time of writing this, there are 68.4BTC in the wallet from 2,945 transactions

    Below is the screenshot of the transaction

    Thank you for joining today's lecture.

    #AweSME #someeofficial #SoMee #crypto #trading
    The Genesis Block 1. What is Genesis Block The word Genesis is used to refer to the beginning of something. In Religion, it refers to the beginning of creation and life as we know it - the beginning of the beginning. The word also means the same thing in Blockchain terms. Simply put, The Genesis Block is the first ever block of a blockchain. It is the Adam of all blocks having no previous hash or ancestry behind it. As the original, it is the common history of every other block on the blockchain. It indirectly defines the hash of other blocks with its hash referenced in every new block. The Genesis Block of a Blockchain is regarded as the foundation of that blockchain. It is usually depicted as Block 0 on the Blockchain but some Blockchains refer to it as Block 1. Now we have known what The Genesis Block is, let us look at the Bitcoin Genesis Block. 2. WHAT IS BITCOIN GENESIS BLOCK In the beginning, there was fiat money and a conventional banking system. The Government controlled the whole financial system with their policies. Money and value were centralized. But then, in 2008, the Bitcoin Whitepaper was published with promising details of a decentralized digital cash system strictly on a peer-to-peer level. The dream was realized on the 3rd of January, 2009 when the anonymous Bitcoin founder(s), Satoshi Nakamoto, made a Bitcoin transaction giving birth to Block 0, the Bitcoin Genesis Block. This single event would later lead to a wide creation and adoption of cryptocurrencies which is still happening 12 years later. Mining the Genesis Block was easier than what we have today and the reward was a lot higher. The reward for mining a block today is 6.25BTC while that of the Genesis Block was 50BTC. The hash for the Genesis block is: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f These coins were sent to an address where it remains untouchable and seemingly unspendable. The wallet address the coins were sent to is: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa If you check the wallet address on the Block explorer you would notice that there are more than 50BTC in the wallet. As of the time of writing this, there are 68.4BTC in the wallet from 2,945 transactions Below is the screenshot of the transaction Thank you for joining today's lecture. #AweSME #someeofficial #SoMee #crypto #trading
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  • …, i wish you so much fun with our friends
    nick.dong.sik florian.froschmayer maximilian.ferdinand.leopold.prinz.v.anhalt . and all the others who are not here
    #hollywood #losangeles #discount #explorer #trending #picoftheday #viral #nextlevel
    …, i wish you so much fun with our friends [nick.dong.sik] [florian.froschmayer] [maximilian.ferdinand.leopold.prinz.v.anhalt] . and all the others who are not here #hollywood #losangeles #discount #explorer #trending #picoftheday #viral #nextlevel
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  • Rovinj Town in Croatia. See more: https://getnoticed.info/rovinj-town-in-croatia/

    _explorer_bz
    Rovinj Town in Croatia. πŸ‡­πŸ‡· See more: https://getnoticed.info/rovinj-town-in-croatia/ πŸ“Έ _explorer_bz
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  • People found a skull with gold teeth in the Philippines wooo lol
    #ancient #rap #grills #ancientDentistSkills
    #ancientExplorer
    People found a skull with gold teeth in the Philippines 😜 wooo lol #ancient #rap #grills #ancientDentistSkills #ancientExplorer
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  • https://hive.blog/hive-104387/@slobberchops/tales-of-the-urban-explorer-the-durham-ox
    https://hive.blog/hive-104387/@slobberchops/tales-of-the-urban-explorer-the-durham-ox
    HIVE.BLOG
    Tales of the Urban Explorer: The Durham Ox — Hive
    It was a mighty fine sunny afternoon by the time we reached the scenic " Durham Ox " public house hoping for a tasty refreshing pint of beer to wash away our cares (as well as… by slobberchops
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  • …, love it ;)
    #travle #deco #explorer #trending #picoftheday #viral #nextlevel #love #hollywood #losangeles #fun #peace #trending
    …, love it ;) #travle #deco #explorer #trending #picoftheday #viral #nextlevel #love #hollywood #losangeles #fun #peace #trending
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  • …, hey guys - was a busy but also very successful day :) - patrick.habig sent me some super good news :)
    #discount #explorer #trending #picoftheday #viral #nextlevel #instagram #love #hollywood #losangeles #mcfit #fun #fakeflight #peace #pridemonth #trending
    …, hey guys - was a busy but also very successful day :) - [patrick.habig] sent me some super good news :) #discount #explorer #trending #picoftheday #viral #nextlevel #instagram #love #hollywood #losangeles #mcfit #fun #fakeflight #peace #pridemonth #trending
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  • look my hubbys life at EU BUSINESS TOUR

    Monday is shoulder day - his plan today:
    1. workout
    2.office
    3.breakfast
    4.office
    5.meetings
    6.playing @easportsfifamobile
    7.workout II
    8.dinner with his friend carsten.simon
    #goodlife #bestwork #over50 #sowhat
    #explorer
    πŸ”΄look my hubbys life at EU BUSINESS TOURπŸ”΄ Monday is shoulder day - his plan today: 1. workout 2.office 3.breakfast 4.office 5.meetings 6.playing @easportsfifamobile 7.workout II 8.dinner with his friend [carsten.simon] #goodlife #bestwork #over50 #sowhat #explorer
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  • PH.D Lesson Number 1:
    #PhilippineArchipelago
    Located in the Pacific Ocean near the equator, the Republic of the Philippines consists of around 7,640 islands — about 2,000 of which are inhabited — that form an archipelago. The country can be divided into three main areas: Luzon (the largest, northernmost island, which includes Manila); a group of islands called the Visayas (including the major islands Panay, Negros, Cebu, Bohol, Leyte, Samar, and Masbate); and Mindanao, the second-largest island in the Philippines, found at the southern end of the archipelago. Mama E's province is part of LUZON ISLAND.
    From bustling cities to stunning beaches and mountains, the Philippines has a lot to offer adventurous explorers.
    PH.D Lesson Number 1: #PhilippineArchipelago Located in the Pacific Ocean near the equator, the Republic of the Philippines consists of around 7,640 islands — about 2,000 of which are inhabited — that form an archipelago. The country can be divided into three main areas: Luzon (the largest, northernmost island, which includes Manila); a group of islands called the Visayas (including the major islands Panay, Negros, Cebu, Bohol, Leyte, Samar, and Masbate); and Mindanao, the second-largest island in the Philippines, found at the southern end of the archipelago. Mama E's province is part of LUZON ISLAND. From bustling cities to stunning beaches and mountains, the Philippines has a lot to offer adventurous explorers.
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  • Look im growing #somee #someeoriginals #newyear #explorer #someeofficial
    Look im growing ☺️ #somee #someeoriginals #newyear #explorer #someeofficial
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  • …, landscape day
    #content #lovemylife #explorer #trending
    …, landscape day #content #lovemylife #explorer #trending
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  • What is ParaSpace?

    The #decentralized lending protocol allowing users to borrow and lend against Non-Fungible & Fungible #Token alike. They recently launch a #Testnet and a potential #Airdrop is possible to claim so what we do?.

    Testnet #Tutorial Complete available on Mirror produced by @AirdropsCaptain:
    https://mirror.xyz/airdropscaptain.eth/BYpvKdqGe4DVn9dZFT39_2QZaGGp6SiWofF-YsxKgg8

    links of interest:
    Download MM: https://metamask.io

    Claim #ETH on Goerli:
    https://goerlifaucet.com,
    https://goerli-faucet.mudit.blog/,
    https://goerli-faucet.pk910.de/

    Get some test tokens: https://app-staging.para.space

    The @Galxe Campaigns You have 3 registration campaigns to complete:
    1. The Traveler: https://t.co/gfhAsecBGA
    2. The Explorer: https://t.co/y6ghB61maa
    3. The Settler: https://t.co/3jQMCTRc2R

    What is ParaSpace? The #decentralized lending protocol allowing users to borrow and lend against Non-Fungible & Fungible #Token alike. They recently launch a #Testnet and a potential #Airdrop is possible to claim so what we do?. Testnet #Tutorial Complete available on Mirror produced by @AirdropsCaptain: https://mirror.xyz/airdropscaptain.eth/BYpvKdqGe4DVn9dZFT39_2QZaGGp6SiWofF-YsxKgg8 links of interest: Download MM: https://metamask.io Claim #ETH on Goerli: https://goerlifaucet.com, https://goerli-faucet.mudit.blog/, https://goerli-faucet.pk910.de/ Get some test tokens: https://app-staging.para.space The @Galxe Campaigns You have 3 registration campaigns to complete: 1. The Traveler: https://t.co/gfhAsecBGA 2. The Explorer: https://t.co/y6ghB61maa 3. The Settler: https://t.co/3jQMCTRc2R
    MIRROR.XYZ
    ParaSpace: Testnet Tutorial & Galxe Campaigns.
    Let’s have a look at ParaSpace, the decentralized lending protocol allowing users to borrow and lend against Non-Fungible & Fungible tokens alike. They recently launch a Testnet and a potential Airdrop is possible to claim so what we do?
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  • I captured Orion Nebula again yesterday, but waaaay better. I am soooo amaaazed. Super cool. #SpaceExplorer
    I captured Orion Nebula again yesterday, but waaaay better. I am soooo amaaazed. Super cool. #SpaceExplorer πŸ”­πŸ›ΈπŸ‘½πŸ‘¨‍πŸš€
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