Genesis Block

      A Genesis Block is the very first block in any blockchain. It is the absolute ground floor where all future blocks will grow from and point to. It is considered good practice to hardcore the genesis block into any software program that will be using said blockchain environment. (Even for SPV nodes

     There are two key identity factors of a genesis block:
1.) It does not reference any block before it.
2.) It serves as a subsidy block that stores all future mining rewards within it. 

      Related Terms:

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