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What is a genesis block?
- a)The first block of a blockchain
- b)A famous block that hardcoded a hash of the Book of Genesis onto the blockchain
- c)The first block after each block halving
- d)The 2nd transaction of a blockchain
Correct answer is option 'A'. Can you explain this answer?
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What is a genesis block?a)The first block of a blockchainb)A famous bl...
The genesis block is the very first block of a blockchain. It is the starting point of the entire blockchain network and is considered to be the foundation of the entire blockchain system. Here are some key points that explain what a genesis block is:
Key Points:
• The genesis block is the first block of a blockchain.
• It is created by the blockchain founder or the first miner on the network.
• The genesis block does not reference any previous block, as there are no previous blocks in the chain.
• It typically contains a special message or a hardcoded text that identifies it as the genesis block.
• The genesis block establishes the initial set of rules for the blockchain network, including the difficulty level, the block size, and the mining reward.
• Once the genesis block is created, subsequent blocks are added to the chain as miners solve complex mathematical problems.
• The genesis block is immutable, meaning that it cannot be altered or deleted once it is added to the blockchain.
• The genesis block is critical to the security and integrity of the entire blockchain network, as any tampering with the genesis block can compromise the entire network.
In conclusion, the genesis block is the first block of a blockchain that establishes the rules and sets the foundation for the entire network. It is critical to the security and integrity of the network and cannot be altered or deleted once it is created.
Key Points:
• The genesis block is the first block of a blockchain.
• It is created by the blockchain founder or the first miner on the network.
• The genesis block does not reference any previous block, as there are no previous blocks in the chain.
• It typically contains a special message or a hardcoded text that identifies it as the genesis block.
• The genesis block establishes the initial set of rules for the blockchain network, including the difficulty level, the block size, and the mining reward.
• Once the genesis block is created, subsequent blocks are added to the chain as miners solve complex mathematical problems.
• The genesis block is immutable, meaning that it cannot be altered or deleted once it is added to the blockchain.
• The genesis block is critical to the security and integrity of the entire blockchain network, as any tampering with the genesis block can compromise the entire network.
In conclusion, the genesis block is the first block of a blockchain that establishes the rules and sets the foundation for the entire network. It is critical to the security and integrity of the network and cannot be altered or deleted once it is created.
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What is a genesis block?a)The first block of a blockchainb)A famous bl...
Option a is the correct answer The first block of a blackchain
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What is a genesis block?a)The first block of a blockchainb)A famous block that hardcoded a hash of the Book of Genesis onto the blockchainc)The first block after each block halvingd)The 2nd transaction of a blockchainCorrect answer is option 'A'. Can you explain this answer?
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What is a genesis block?a)The first block of a blockchainb)A famous block that hardcoded a hash of the Book of Genesis onto the blockchainc)The first block after each block halvingd)The 2nd transaction of a blockchainCorrect answer is option 'A'. Can you explain this answer? for IT & Software 2024 is part of IT & Software preparation. The Question and answers have been prepared according to the IT & Software exam syllabus. Information about What is a genesis block?a)The first block of a blockchainb)A famous block that hardcoded a hash of the Book of Genesis onto the blockchainc)The first block after each block halvingd)The 2nd transaction of a blockchainCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for IT & Software 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is a genesis block?a)The first block of a blockchainb)A famous block that hardcoded a hash of the Book of Genesis onto the blockchainc)The first block after each block halvingd)The 2nd transaction of a blockchainCorrect answer is option 'A'. Can you explain this answer?.
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