Genesis Block
By CoinGecko | Updated on Aug 12, 2021
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Related Terms
Proof-of-Authority (PoA)
A consensus algorithm that asigns block validation queue based on identity and reputation.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
When Moon
An expression used by investors to ask when the price of a coin would hit a peak
Microtransaction
Microtransaction is a system that made very small payments possible in buying the common digital goods and services, such as purchasing items in a game.
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