Steemit Crypto Academy [Beginners’ Level] | Season 3 Week 2 | The Genesis Block: The Beginning of the Beginning by @g0h4mroot for the Cryptoprofesor @awesononso.

What is the Genesis Block of a Blockchain.

The Genesis block dates back to the birth of the first cryptocurrency "THE BITCOIN".

The Genesis Block is the fundamental basis of the project of a cryptocurrency, this block is the first block that is born, and it is totally original and does not resemble any other, since it has no predecessors.

These blocks are numbered in some projects with the number "1", and in other projects they are numbered with the number "0". These blocks contain important and interesting information, from which the blockchain of a cryptocurrency begins to form, the header of the Genesis block is unique and is what differentiates it from other genesis blocks.

The name of the Genesis block was given to it by its creator Satochi Nakamoto, alluding to creation.

An example to understand the Genesis block, is to compare it with the initial inventory when forming a company, because the initial inventory is recorded at the beginning, then the accounting journal and the accounting ledger are derived, these books record all daily transactions carried out, in a similar way to this, the Genesis block works, since it is the one that starts the cycle of the block chain and then in each block the daily transactions are recorded.

Write on the Bitcoin Genesis Block and its significance.

At the age of 37, the unknown Satoshi Nakamoto, makes an unexpected transaction, On January 3, 2009, at the 6:15:05 pm, to give birth, the now famous "BLOCK 0" and better known as BLOCK GENESIS.

GENESIS BLOCK, is the name that Mr. Nakamoto gave to his first child, his first block, it is rumored that he gave it that name indicating a new monetary renaissance and some bought it with the creation of the world.

Yes, a new monetary world, where there are no regulators or banks that manipulate this market to their liking. It works as a prototype for all the following blocks, thus forming the Bitcoin blockchain.The Genesis Block is the foundation of the trading system of this cryptocurrency.

This block got a reward of 50BTC, these BTC were not used and are still displayed in a wallet.

I am attaching a picture of the wallet and its address.

TRANSACTIONS

The miner who generates each block can write to whatever it is, without fear of being censored.

This is the case of the GENESIS BLOCK, which brings a hidden message to many, and associated with the name of the block and what happened on the day of its birth, bitcoin enthusiasts say that it is not a coincidence, rather the resurgence of a new economics raised by Mr Satoshi.

This is the hidden message in the GENESIS BLOCK:

"The Times, January 3, 2009. Chancellor is considering a second bank bailout program)".

Link to Menssage

IMAGE NOTICE

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

1- first we enter the steemworld website.

LINK HERE

2- we log in.

3- we click on block explorer.

4- we write 1.

5- The STEEMIT Genesis Block appears.

CONCLUSION

Thanks to the professor of the cryptoacademy, thanks to his magnificent class we have learned about THE FAMOUS GENESIS BLOCK, what it is, and how it was generated, we know that the name is given by its creator Mr. Nakamoto, and everything what refers to the name refers to a new financial world.

The Genesis block is the fundamental basis of a cryptocurrency.

The BITCOIN GENESIS BLOCK, we have also known it, when it was created and its first transaction with a specific date and time, we discovered the hidden message and it was shown with screenshots of where the news came from.

Finally we inquired about the STEEMIT GENESIS BLOCK, we entered steemworld.org and verified when it appeared, it was demonstrated with screenshots, listing the steps to follow to obtain the information from block 1 of steemit.

Cc:
@awesononso