Crypto Academy / Season 3 / Week 2- Homework Post for professor [@awesononso]..The Genesis Block: The Beginning of the Beginning by @jasminemary

in hive-108451 •  3 years ago  (edited)

1. What is the Genesis Block of a Blockchain.

Genesis Block of a Blockchain is the first block titled that was given to a cryptocurrency that was mined. In the blockchain there is series of block that are being use to store information that are related to any transaction that took place within a blockchain network. All the blocks on a blockchain include a very unique Header, which is identified according to its block header hash separately. The Genesis Block is which is the basis upon other blocks have a layered on which one is on top of the other, and also a grow in height towards the completion. Further the Genesis Block of a Blockchain is also referred to as Block O, which means the very first block upon which another blocks on a blockchain are included.

The Secret Message of Bitcoin Genesis Block

Satoshi Nakamoto wrote a secret message within the block as raw data as stated below:

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
The message code is given as:
5468652054696d65732030332f4a616e2f32303039204368616e63656c6c6f72206f6e206272696e6b206f66207365636f6e64206261696c6f757420666f722062616e6b73

If you check this code via this Online Tool you will get the above result as shown from he screenshot below.

IMG_20210710_190940.jpg

2.Write on the Bitcoin Genesis Block and its significance

The Bitcoin Genesis Block is very significance as it helps check block continuously using complex mathematical problems that are first sorted out with computers before miners who use they brain in calculating. Genesis block is also the basis of building series of blocks on the blockchain. This make the bitcoin genesis block to be more significance as the first block of any cryptocurrencies which give miners more confident in mining. Nevertheless the Bitcoin Genesis block settle different issues that happen on the blockchain network most especially when it come to mining.

3.Go to https://steemworld.org and locate the Steem Genesis Block (You must provide screenshots and sign in as proof of completion).

You can easily locate the Steem Genesis Block by following the simple step below:

  • Visit to https://steemworld.org
  • Click on the Block Explore
  • Then Click on Ok for Block 1 to see the information of the genesis block
  • Now Sign in with Your steemit username and the Private posting key. You can see from the screenshot below my step and Account.
IMG_20210710_185741.jpg Click on ExploreIMG_20210710_185913.jpg Block 1
IMG_20210710_190809.jpg Sign InIMG_20210710_190901.jpg My Account

IMG_20210710_190901.jpg

Thank you Steemians.

Best Regards;

@awesononso

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