Today I will try to do the homework given by professor @awesononso. Alright let's try.
What is the Genesis Block of a Blockchain.
The Genesis block is the first block in the blockchain system. so that the genesis block becomes a reference for other blocks in the blockchain system to be developed. on the blockchain system every reward that is successfully mined will be referenced to the previous block. but it's a little different if mining on the genesis block nothing will be referenced to the previous block because this is the first block to appear. This block is often referred to as block 0 and some say it is block 1.
usually every new block created is related to the previous block, if we talk about prizes then there will always be prizes that will be obtained by miners but in the genesis block it is different because the prize cannot be taken in this block. if we talk about block development, it can be said that block genesis is very instrumental in the development of other blocks in the blockchain system.
Write on the Bitcoin Genesis Block and its significance.
Bitcoin Genesis Block is the first block to be mined, no one knows until now who really contributed to this cryptocurrency field, although many people say that until now the one who managed to find bitcoin was Satoshi Nakamoto. but no one knows who he really is.
let's visit the website Blockchain.com and take a look at the information contained therein.
from the screenshot above we can see that the miner is "unknown" and we see the hash on the block is: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f.
This block was successfully created on January 4, 2009 and can be said to be the first block that was successfully created while the prize for the genesis block was 50 btc.
Many people are grateful to Satoshi Nakamoto for the services he provides. as a sign of gratitude many people sent to one of the wallet addresses, namely: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa
let's try to see the information on the address:
on the page above we can see that there is a total of 68,449 BTC received and there have been around 2,945 transactions at that address. This proves that Satoshi Nakamoto's services are so great that many people want to thank him. like one of these examples by sending coins to that address.
Significance of the Bitcoin Genesis Block.
Bitcoin Genesis Block is a good foundation for new blocks to be mined. because the new block will refer to the first block created.
Bitcoin becomes a reference for other cryptocurrency coins to develop if we look at the current cryptocurrency is very popular and can overcome some of the problems faced in everyday life
at this time blockchain technology has been very developed and is very liked by everyone thanks to the advantages it provides, we can't forget it all thanks to the bitcoin genesis block
Go to https://steemworld.org and locate the Steem Genesis Block (You must provide screenshots and sign in as proof of completion.)
- Let's visit the website https://steemworld.org/. so that we can see information about the Genesis Steem Block. then when you are on the steemweorld page you can choose to sign in.
- then enter your steemit account and private key.
- then click Block Explorer
- after that a screen will appear to search for the block number, then select 1 and click ok
- after that you will get information related to Steem Genesis Block.
Conclusion
The Genesis Block was the first block that was successfully created. because of its success we can feel the progress of blockchain technology to date. many people are grateful to the inventor, one of which is to send the coin to an address that allegedly belongs to the inventor.
Thanks.......
CC : @awesononso