Genesis block of a blockchain
Before the lecture provided by @awesononso in the steem crypto academy season 3, week 2 lecture, I had no idea about Genesis block in any blockchain. Going to the lecture of @awesononso assisted by @lenonmc21, I come to know about the genesis block. In previous times, I had idea about the blocks in the blockchain but how it is started was not clear to me. It’s about Genesis block of the blockchain.
Image Source before editing: Image by pieonane from Pixabay
You will find the term Genesis in the holy book Bible. The Genesis term is used for indicating the initiation, commence, starting or any beginning. We know anything which is going on or will start, should have a starting and the starting is called the Genesis. In the blockchain we know in case of any of the blockchain there is a number of blocks which is placed one after one to make it as a chain in the blockchain ledger.
For example, you can find the number of blocks being produced in any of the blockchain from its database. So, what is the initiation of the blocks that is the first block. And this first block is termed as the Genesis block which has initiated the blockchain. And there is no hash behind this block so we can say that this is the initiation of that new blockchain journey. It is can be termed as the foundation of any blockchain because after that block will be produced after one and the change will be developed and will be strengthened in the security. In some blockchain it is term as block 0 and others it is termed as Block 1.
Bitcoin Genesis book and its significance
We know, Bitcoin is the leading blockchain in the field of blockchain Technology and Bitcoin is the market leader in the cryptocurrency world as well. The white paper of the Bitcoin was published in 2008 and in the following year of 2009 Satoshi Nakamoto initiated the Genesis block of the blockchain technology of Bitcoin. The date of that Genesis block was 3rd January 2009. This block is treated as block 0 and the transaction was to send 50 Bitcoin. Normally it takes 10 minutes intervals by the Bitcoin blockchain network to produce between two blocks but it was taken about 6 days to come up the second block in the chain. As it is initiation of the blockchain network of the bitcoin and the starting of any other blockchain world so it has great significance.
source: Image by mohamed Hassan from Pixabay
In this modern world we are using blockchain network for many purposes. But the initiation of this blockchain network was initiated by Satoshi Nakamoto with the starting of Bitcoin blockchain network. For this happening we are enjoying the feature and updated technology in this world. If this was not done 13 years back then we would not have that much of advancement in the Crypto world. And that Bitcoin blockchain network was initiated for the Genesis block. That's why you can easily understand how influential of that genesis block in the next generation blockchain network. Everything needs a foundation and the foundation of the blockchain network is the Genesis block and we can say that other blockchain was initiated after the Bitcoin blockchain. So, that Genesis block is the basically foundation of whole blockchain network, we can say.
Finding the Genesis block of steem blockchain
For finding the Genesis block of steam blockchain we need to go to the website https://steemworld.org/
Then go to the block Explorer tab
Then write down the Block 1
Here is the Genesis block of the steam blockchain and its information
- Timestamp 2016-03-24, 22:05:00
- Block Id 0000000109833ce528d5bbfb3f6225b39ee10086
- Previous Id 0000000000000000000000000000000000000000
- Signing Key STM8GC13uCZbP44HzMLV6zPZGwVQ8Nt4Kji8PapsPiNq1BK153XTX
- Witness Initminer25
- Witness Signature 204f8ad56a8f5cf722a02b035a61b500aa59b9519b2c33c77a80c0a714680a5a5a7a340d909d19996613c5e4ae92146b9add8a7a663eef37d837ef881477313043
- Transaction Merkle Root 0000000000000000000000000000000000000000
Producer_reward
- Producer Initminer
- Vesting Shares 1.000000 VESTS
You can see signup proof by me to explore the Genesis block of the steem blockchain using username and posting key.
Genesis block producer is initminer, initiated 2016-03-24. And you can find the other related formation of the block in the above-mentioned chart.
Conclusion
It's obviously good to learn something new from such kind of initiative and I am very much thankful to @steemcryptoacademy for initiating such a wonderful program of learning which is helping us a lot to learn about blockchain and cryptocurrency world. We are learning new things in new new weeks. Unfortunately, I have missed out the first week but still it's wonderful week of learning going on. Thanks all