Golden Encyclopedia | What is the genesis block?
In a Proof of Work (PoW) chain, the genesis block is the first block mined on the blockchain network and serves as the basis for all subsequent blocks.
JinseFinanceIn a Proof of Work (PoW) chain, the genesis block is the first block mined on the blockchain network and serves as the basis for all subsequent blocks.
JinseFinanceBasically, block rewards are fees paid to crypto miners for adding authorized transactions to the network.
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