Crypto Academy / Season 3 / Week 2 - Homework Post for [@awesononso] The Genesis Block
What is the Genesis block of a blockchain?
The genesis block is the beginning of everything, You can understand its meaning or its importance thinking that it is equivalent to the beginning of the universe as the Big Bang theory of course not without all the starbursts and radiation clouds. Although it is similar since it is the pillar of the entire chain, it begins an infinite creation of events or events that are known as blocks, these, in turn, accommodate more blocks, which the genesis block does as the parent block as If it were a god for the other blocks, if we put it in a religious context, it is something that helps us to sustain the existence of the other blocks since without it there would be no beginning, therefore the chain of blocks would not exist
Write about the Bitcoin Genesis Block and its meaning
Genesis block exists a lot since each cryptocurrency has an initial block, but the genesis block of bitcoin has importance because compared to another this was the first block of alphanumeric code that was created thanks to its creator who adapted the blockchain technology to be able to be what is currently
This block is like the Jesus Christ of the blockchain since it was the example to follow of all the rest, it should be mentioned that it took 6 days for your transaction to be validated, and currently, the transactions are validated in a matter of minutes that shows us that from that beginning that shook the internet all progressively evolving
Currently, it is the cornerstone of a society that was under a great impact that was the coronavirus pandemic, thus giving comfort to many families that did not have resources, this allows the creation of cryptocurrencies that currently exceed 10,000 cryptographic currencies that many of They are based on bitcoin showing that satoshi Nakamoto created something that revolutionized the economic market and technology in the last decade
Go to https://steemworld.org and locate the Steem Genesis Block (you must provide screenshots and login as proof of completion).
This time I wanted to place a Gif where it showed how to get to the genesis block of the steem and, where I first go to the indicated page and choose the Block Explore option, this redirects me to a searched block where the first What comes out is the block (1) this is because in steem the genesis block starts with 1 instead of 0, then I get the data from the first block as the hash, we can also notice that it has no previous Hash. confirm that it is the genesis block, Finally, I log in with my steemit account to finish the task
I will refer to the genesis block as an event, this event generated repercussions in the future, which I believe that not even the creator could predict, knowing the beginning of everything helps us to understand or give an idea of how big the blockchain is currently, which is by having this visualization we can understand the rows with a better amplitude
Cc. @awesononso
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Imagen . Editada y diseñada por mi autoría