The Genesis block is the first block recorded in each Blockchaink. This block is also known as block 0 or sometimes block 1. Genesis Block is also called “Genesis Block”.
The word “genesis” literally means “origin”, “creation” and “creation”. In religious texts, the word is used to refer to the origin of life and the universe, and this is why it is named in the field of the Blockchain. The block sent to the Blockchain refers to the block before it, but there is no block before the block gender.
Since there is no other block to refer to before the first block, the genesis block is placed in the Blockchaink with hardcode.
In the Bitcoin blockchain, the first blockchain was created on January 3, 2009. The reward for this block was 50 bitcoins, which will not be spent forever. This block does not contain any transactions.
Each bitcoin block contains information about the transactions made in that block. But these blocks also contain other data; Previous block hash. For example, block number two, in addition to transaction information, also contains hash block number one, so that all blocks are connected like a chain; That’s why we call this technology blockchain. But before block one, no block is generated that hash is used in block one. For this reason, Satoshi Nakamoto has created the number zero block or Genesis block itself as a hard code.
Genesis block Bitcoin
The Genesis Block hash (00000000001919d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f) is unique; Because compared to other primary blocks, it contains two extra zeros at the beginning of the hash.
The Genesis Block 50 bitcoin reward was sent to 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, and as of September 26, 2020, it contained a total of 68,344 bitcoins and received a total of 2,511 transactions. You can find updated information on this popular address in the Bitcoin Block Browser See.
However, the Genesis Block 50 bitcoin bonus will remain unaffordable forever, and people who have sent their bitcoins to this address will never be able to get their money back.
Hidden message Satoshi
In Genesis Block Bitcoin, Satoshi wrote a message that is forever recorded in history. In the coinbase parameter, along with the usual block data, the following message was inserted, which is one of the headlines of the Times:
January 3, 2009: The Treasurer [سلطنتی انگلستان] On the eve of the second financial assistance to banks.
This message was probably inserted as a timestamp to prove that the block was not created before January 3rd. However, the chosen headline is also strongly related to the original cause and purpose of bitcoin creation.
Communication with religious texts
Genesis has a special place in all religions and the process of creation of the world is explained in the form of this concept. Nomination for the first block in the Blockchain is also related to this issue. Also, the second block (block number 1) in the Bitcoin Blockchain was registered exactly six days after the first block.
- Block 0: 03-01-2009
- Block 1: 09-01-2009
The cause of the break is unknown at this time, but the hypothesis is that Satoshi was either resting for the past six days or intending to relate those six days to the story of the creation of the Bible in the six days. سازد. The second scenario is more likely.
Genesis Block is the first block in a Blockchaink. Blockchain consists of a set of blocks, each of which contains transaction information. These blocks are produced or mined by the miners. But the way the first block is produced in the Blockchaink is different from other blocks. Satoshi Nakamoto manually generated this block (hard code) in the Bitcoin blockchain.