Cryptocurrency Q&A What is genesis in Bitcoin?

What is genesis in Bitcoin?

Valentina Valentina Wed Nov 20 2024 | 6 answers 1274
I'm trying to understand the concept of genesis in Bitcoin. I've heard it's related to the creation or origin of something, but I'm not sure how it applies specifically to Bitcoin. Can someone explain this term in the context of Bitcoin? What is genesis in Bitcoin?

6 answers

SamuraiBrave SamuraiBrave Fri Nov 22 2024
A Genesis Block serves as the foundational element in a cryptocurrency blockchain.

Was this helpful?

285
75
Claudio Claudio Thu Nov 21 2024
BTCC, a prominent cryptocurrency exchange, offers a diverse range of services including spot trading, futures trading, and digital wallet solutions. These services cater to the evolving needs of the cryptocurrency market, providing users with seamless access to trading and storage options.

Was this helpful?

131
79
SapphireRider SapphireRider Thu Nov 21 2024
It holds a pivotal position as the initial block within the series of blocks that constitute the blockchain.

Was this helpful?

152
97
GyeongjuGlory GyeongjuGlory Thu Nov 21 2024
A blockchain is essentially a digital ledger that maintains a record of transactions that take place across a decentralized network.

Was this helpful?

134
49
Martina Martina Thu Nov 21 2024
Each block within this ledger is responsible for storing specific information pertaining to these transactions.

Was this helpful?

186
94
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts