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
Distributed Ledger
Ledgers whose data is stored and synced across a network of nodes.
REKT
A shorthand slang for “wrecked”, typically describes bad trades that results in losses.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Dump
A common term used to describe downward market movement, or to describe the action of selling an individuals holdings.
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