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BTCC / Hashtag / genesis block in blockchain
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What is a genesis block in blockchain?

The Genesis block in blockchain refers to the very first block created in a blockchain network. It serves as the foundation and starting point of the entire blockchain. The Genesis block has unique characteristics that differentiate it from subsequent blocks in the chain. 1.

What is a blockchain & how does it work?

A blockchain is a decentralized digital tally of deals that are distributed across a network of computers. Each block in the chain contains a list of deals and a reference to the former block, creating a chain of blocks that can be vindicated and traced back to the veritably first block in the chain, known as the Genesis Block.

Does Litecoin have a genesis block?

Every blockchain based crypto currency must have a blockchain, which is the ledger for the currency. For example, Litecoin has it's own genesis block which is completely different than the Bitcoin genesis block. Every block in a blockchain has a parent block, except the genesis block which has no parent block.

What makes a blockchain-based cryptocurrency so secure?

The layers and deep history of each sequence is one of the things that makes a blockchain-based cryptocurrency so secure. Bitcoin's Genesis Block was the first instance of a proof-of-work blockchain system and is the template for all other blocks in its blockchain.

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