Understanding the Genesis Block in Cryptocurrency

The Genesis block holds an iconic status as the starting point of the decentralized ledger. This introductory guide aims to shed light on the concept of the genesis block, its significance, and how it operates in the blockchain ecosystem. What is a Genesis Block? The genesis block, or block 0, is the first block in any blockchain. It is the foundation upon which all subsequent blocks are built, forming the blockchain. The genesis block is uniquely hardcoded into the blockchain…