COMPUTER NETWORKING

NETWORK SECURITY

DIGITAL SIGNATURE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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
Explanation: 

Detailed explanation-1: -The Genesis Block was simply the first block of bitcoin (BTC) to be mined. You might see it called Block 0 or Block 1. It’s still there today and will remain there as long as any computer runs the Bitcoin software.

Detailed explanation-2: -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.

Detailed explanation-3: -A second way to identify a block is by its position in the blockchain, called the block height. The first block ever created is at block height 0 (zero) and is the same block that was previously referenced by the following block hash 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f .

Detailed explanation-4: -The genesis block is the first block in your blockchain. It’s never empty, even if configs/peer/genesis.json is.

There is 1 question to complete.