Why is the gensis block considered the starting point for all blockchain networks?

3 answers

• Jan 14, 2022 · 3 years ago
  The gensis block is the first block in a blockchain network and serves as the foundation for all subsequent blocks. It contains important information such as the timestamp, the initial set of transactions, and the cryptographic hash of the previous block. This block is hardcoded into the protocol and cannot be changed or removed. Its uniqueness and immutability make it the starting point for the entire blockchain network.
  425213
• Jan 14, 2022 · 3 years ago
  Think of the gensis block as the birth certificate of a blockchain network. It's the very first block that is created and acts as the foundation for everything that follows. Without the gensis block, there would be no blockchain. It sets the initial parameters, establishes the first set of transactions, and ensures the security and integrity of the entire network. It's like the first domino that sets off the chain reaction of blocks in a blockchain.
  453151
• Jan 14, 2022 · 3 years ago
  The gensis block is considered the starting point for all blockchain networks because it establishes the initial state of the network. It contains the first set of transactions and establishes the rules and parameters for the entire blockchain. Without the gensis block, there would be no starting point, and the entire network would not exist. It's like the foundation of a building - without a solid foundation, the building cannot stand.
  440110