Genesis Block is the name of the first block of Bitcoin ever mined. In 2009, a developer named Satoshi Nakamoto created the Genesis Block. The Genesis Block forms the foundation of the Bitcoin trading system and is the prototype of all other blocks in the Bitcoin blockchain.
Who created Bitcoin's genesis block?
The origin of Bitcoin's Genesis Block is as mysterious as the personality of Bitcoin's founder. Nakamoto was an anonymous developer who made history with the release of the Genesis Block. The original block contained the first 50 Bitcoins on SourceForge.
When was the next block mined?
The next block, known as Block 1, wasn't mined until six days after the Genesis Block. This is considered odd as the average timestamp gap between blocks is intended to be 10 minutes.
