Glossary
Genesis Block Meaning: What Does Genesis Block Mean in Crypto?
Definition
The first block in a blockchain, hardcoded into the software
Bitcoins genesis block, mined on January 3, 2009, includes a headline from The Times newspaper: "Chancellor on brink of second bailout for banks," symbolizing blockchains response to financial crises. Historical Genesis Blocks: Bitcoin: Block 0, January 3, 2009, 50 BTC reward. Ethereum: Block 0, July 30, 2015, 72M ETH pre-mine. Litecoin: October 7, 2011, based on Bitcoin code. Technical Note: Genesis blocks have no previous block hash, using null/zero values instead.