Crypto Academy Season -3 Week 2 - Homework Post for @awesononso

Hello professor@awesononso, thanks for such a nice lecture , here is my homework task for this week.

WHAT IS GENESIS BLOCK OF A BLOCKCHAIN

First, it is important to briefly understand what quality is. The block in the blockchain is regarded as an important resource that exists in the blockchain because it is a part of the blockchain. Blocks contain data and information, such as the number of transactions conducted, the number of blocks, and other basic characteristics.

Now that we have briefly understood what a blockchain is, I will continue to explain the origin block of the blockchain.

The word Genesis can also mean the starting point. Therefore, the genesis block can be called the starting point of all blockchains. To start means to start or become the first, so the genesis block is also called block O. The genesis blockchain is the pioneer of all other blockchains, so I can say with certainty that the genesis blockchain is the father of all other blocks in the blockchain.

There is no reporting of any block that existed before the blockchain origin, so it cannot be traced to any origin, so it is a private block that exists in the blockchain.

One of the very important points of the configuration block in the blockchain is: Normally in the blockchain, to create a new block, add the hash value of block 0 (the configuration block) to form a new block, which makes it the base of the o configuration block is formed.

WRITE ON THE BITCOIN GENESIS BLOCK AND ITS SIGNIFICANCE
THE BITCOIN GENESIS BLOCK
It is important to note that Bitcoin is the first and oldest cryptocurrency that ever exists.

The Bitcoin blockchain was created by a person named Sotashi Nakamato. The Bitcoin Genesis blockchain was created in 2009 on January 3 due to instability in traditional banking reserves. The Bitcoin Genesis blockchain is the most important blockchain transaction ever made on the blockchain, hence it is known as bitcoin Genesis. The bonus earned from this deal is a total of 50 carats, but a surprising fact about this bonus is that not everyone can spend or collect it.

It is believed that the Bitcoin Genesis blockchain transaction was in response to an article in The Times with the title of Advisor at the beginning of the second bank bailout. This address corresponds to the secret message sent by Satoshi Nakamoto on the trading day.

It takes about 6 days from the beginning of his first transaction to the completion of the second transaction, which is usually not the case today, it takes about 10 minutes.

To this day, there are no traces of Satoshi Nakamoto. However, some of his loyal followers found a way to appreciate what he did for the cryptographic world and often put a few coins in his wallet, which also led to an increase in btc in the wallet.

Go to https://steemworld.org and locate the steem genesis block. ( you must provide screenshot and sign in as proof of completion)

This step must be well follow to locate the steemexclusive Genesis block.

Then you click on ok

Then you can successfuly sign in as seen below

Thanks for reading through.