The first block or genesis block is the initial piece in the construction of the entire blockchain. From there, the history of the blockchain and everything related to the cryptocurrencies and tokens that are deployed in it begins to be built. #genesis
The first block of each blockchain is called the genesis block. This type of blocks is used to start a cryptocurrency. It was Satoshi Nakamoto who used this name for the first block of the Bitcoin chain. Any blockchain will have a block with similar characteristics that starts its own blockchain. #Bitcoin
The genesis block of the Bitcoin chain was created on January 3, 2009 by Satoshi Nakamoto. This block differs from the other blocks in that it does not have a block preceding it. Because it does not have a predecessor, some small parameters of it needed to be modified for its creation. #satoshinakamoto
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