Steemit Crypto Academy [Beginners’ Level] | Season 3 Week 2 | The Genesis Block: The Beginning of the Beginning

in SteemitCryptoAcademy3 years ago

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Steemit Crypto Academy [Beginners’ Level] | Season 3 Week 2 | The Genesis Block: The Beginning of the Beginning

What is the Genesis Block of a Blockchain.

We can say that genesis is the first block of each Blockchain, The Genesis block as Bitcoin is known as block 0, it is a decentralized digital database, that is, it is a network formed by nodes or pairs that are continuously transmitting information from some novos to others, we already know that the Blockchain is made up of blocks, each block of the Blockchain is registered every transaction from its origin, it is a block important and unique compared to the other blocks that have been created, in Steeem it is known as block 1.

This block does not have any predecessor block, that is, it does not have any parent block, it is evident since it is the first block that gave rise to the blockchain today, they help with commercial and economic life worldwide, these advances of technology have been very influential for the economic emergence.


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Write on the Bitcoin Genesis Block and its significance.

Bitcoin is the first triumphant cryptocurrency in the crypto industry and in fact, a more influential digital currency, users can transfer bitcoin over the network to carry out their transactions with the currencies, sell and buy goods and services, the Bitcoin Genesis block is the Oldest block of all, a blockchain will have a special like block that starts its own Blockchain.

Created on January 3, 2009, made the first bitcoin transaction, It is the only one that does not have a previous Block. As the first block was mined, Nakamoto supposedly did it with his own computer, he began to calculate a block that was empty, currently it can take us approximately 10 minutes to mine a block, it took him six days, to mine the first block that was empty, we know that there were 50BTC that we do not know why it cannot be spent.

The function of the genesis block we can say the need to create a source block, but you will always reach its own starting block, that is, the genesis as the root of that cryptocurrency ensures and guarantees the links of two nodes, they can only be paired if they have the same genesis block, if not, they will not be compatible, each node has its starting block

We cannot fail to mention the hidden message that is very interesting, since it makes us mention that the financial system of today is going into collapse, and it is a message that must be deciphered, but for the people that this topic intrigues us It is something misunderstood, that is why I make mention of that message, here I leave you a small capture to inform friends.

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El mensaje.
5468652054696d65732030332f4a616e2f32303039204368616e63656c6c6f72206f6e206272696e6b206f66207365636f6e64206261696c6f757420666f722062616e6b73

January 3, 2009 chancellor on the back of the second bailout for the banks.

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

We must follow the following steps, we must click https://steemworld.org

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to log in with your Steemit username next step you must select the option block explorer

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to be able to enter and show us the block we must select the ok option and so it will load them and show us the block

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and finally the block will be shown

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conclusion:

It is the beginning of the beginning, as the word genesis says, it is the beginning of all cryptocurrencies I liked this class very much, and because I want to continue learning, I want to fill myself with more information, very interesting, especially the creator's little ones, it brings a lot of curiosity Knowing about its creator, I also consider that this chain is very important for the economy, a base for the future.

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Hello @gaby20,
Thank you for taking interest in this class. Your grades are as follows;

CriteriaCalculation
What is a Genesis Block0.5/1
Bitcoin Genesis Block and significance0.5/2
Find the Steem Genesis Block1.5/2
Presentation/Use of Markdowns1/2
Originality1/2
Clarity of Language0.5/1
Total5/10


Feedback and Suggestions
  • You really need to understand the topic better so you will be able to properly express yourself. A lot of statements are not easy to understand.

  • There are a lot of missing facts in the post.

  • You did not mention the significances of the Bitcoin Genesis Block.

  • A part of the Steem Genesis Block is cropped out.



Thanks again as we anticipate your participation in the next class.

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