****************************************************************** My superb greetings everyone, ****************************************************************** I'm anxious to be here at the steemit cryptoacademy to participate in the homework task given by @awesononso. # **

HOMEWORK QUESTIONS

** **1a) WHAT IS THE GENESIS BLOCK? b) WHAT ARE THE SIGNIFICANCES OF THE GENESIS BLOCK? c) EXPLORE THE BITCOIN GENESIS BLOCK AND INDICATE HOW MANY TRANSACTIONS SO FAR AND THE NUMBER OF BITCOINS?** ![Screenshot_20210921-220242_1632258194670.png](https://cdn.steemitimages.com/DQmPhZDTZQnoghRnmJFzFKteT94nAkq5bdeonDQ4QJpfWPn/Screenshot_20210921-220242_1632258194670.png) [Design on Canva](https://canva.me/EzRQXSxTJjb) ![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png) ****************************************************************** ## **

WHAT IS THE GENESIS BLOCK?

FEATURES OF THE GENESIS BLOCK

** ****************************************************************** We genuinely know, the Genesis block was the first of its sort and had striking procedures. Under I will analyze a piece of these images. 1. **The Message On The Genesis:** An incredible part or nature of the Genesis block was from an overall perspective the message left on the block. The message read, > The Events 03/Jan/2009 Chancellor anxious of second bailout for banks. [Source](https://www.investopedia.com/cryptocurrency-4427699) This tangled message was associated with the piece of London Times article with the date 03/01/2009. The article gave nuances of how banks being gotten by English Government. There could be no other Explanation right-hand Satoshi to the article at any rate it is by and large expected that the advancement of Bitcoin was to cut of savage focus man in real money related trades by the central government. 2. **Level Of BTC Mined.(50 Bitcoin):** The fundamental degree of coin that was mined by Satoshi was 50Bitcoin. At the hour of creation, Bitcoin legitimized nothing at least in fiat cash and the coins where moved to an address when through mining them. Regardless, Nakamoto made a code that has made these 50 Bitcoin disengaged by anyone. It isn't know whether it was his point or it was a slip-up of the code. The extent of these coin is at this point found on the block. 3. **Time To Mine The Next Block, Block 1:** It is grounded truth starting with one side of the planet then onto the accompanying that to mine one bitcoin requires 10 minutes. Regardless, after the mining of the focal block, the going with second (block 1) stayed 6 days before it was mine. Certain people said it was a way to deal with oversee direct check whether the advancement was self-evident. It is dim why it took that long for the block 1 to be mined. 4. **Tributes:** It has been seen that Bitcoin miners occasionally send several levels of Bitcoin to the space of block 0. It is being seen as a way by which miners are paying/permitting awards for Satoshi Nakamoto for the turn of events. ![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png) ****************************************************************** ## **

WHAT ARE THE SIGNIFICANCE OF THE GENESIS BLOCK?

EXPLORE THE BITCOIN GENESIS BLOCK AND INDICATE HOW MANY TRANSACTIONS SO FAR AND THE NUMBER OF BITCOINS.

** ****************************************************************** ![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png) To look around the Genesis block of Bitcoin, we stick the locale: 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f in the pursuit bar of the Blockchain explorer site (https://www.blockchain.com/explorer). Totally when the paste the really suggested and snap OK pursuit, the Genesis block will show. It is surmised block 0 ![Screenshot_20210921-213232_1632256441802.png](https://cdn.steemitimages.com/DQmcbmSjHxWfiox2p1YKpjhxZxgZ3mBPQoWatqPBSXnkfxP/Screenshot_20210921-213232_1632256441802.png) At the point when I opened the block 0, the central message was a short portrayal about the Block, the day and time it was mined, and precisely what amount was mined which is 50BTC. The page in like manner gives me the USD net worth of the 50 BTC like the market worth of BTC today which is $2,105,830.50. ![Screenshot_20210921-213236_1632256482079.png](https://cdn.steemitimages.com/DQmNtXKmUtsygA1WzutLVsoaDUUo52t62657bKCcJVHkN4m/Screenshot_20210921-213236_1632256482079.png) When I scrolled down, I can see the -------------|------------- -------------------------------|----------------------------------- | Hash address | 000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f | | Confirmations | 701,596 | | Timestamp | 2009-01-03 19:15 | | Height | 0 | |Number of trade | 1 | Since it is seen that the 50BTC that was mined was moved to a far away address. **Block Transaction:** ![Screenshot_20210921-213241_1632256544394.png](https://cdn.steemitimages.com/DQmU3Zj47ByhER28Tadqhvsi7PDrh3GQmka4TzaHss7eE4v/Screenshot_20210921-213241_1632256544394.png) ----------|------------ -----------------------------------|--------------------------------- | Hash of the trade | 4a5e1e4baab89f3a32518a88c31bc87f618f76673e2cc77ab2127b7afdeda33b | | Wallet address where the coins where sent | 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa | ![Screenshot_20210921-213246_1632256581564.png](https://cdn.steemitimages.com/DQmc4tRV4hN7U3MscwfdfCESDzgpGGVXoeaKb2UosPBEKWq/Screenshot_20210921-213246_1632256581564.png) To see the WALLET address where the basic BTC was sent, click on the address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa. The district has a Full scale number of 3,046 trades and a total of 68.52261351 BTC amounting to $2,889,238.87 USD as at the hour of this post. ![Screenshot_20210921-213258_1632256647322.png](https://cdn.steemitimages.com/DQmZtt3YHpeqdwQ7fy6d6SJKXwFh9KefrxnjwBBssehdoKu/Screenshot_20210921-213258_1632256647322.png) As can be seen from the image under, the last trade that was moved off this block was yesterday the 2021-09-21 at 7: 52am GMT+1 and 0.00181292 BTC was sent. These trades are cultivated by miners as a sort of award for Satoshi Nakamoto. ![32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png](https://cdn.steemitimages.com/DQmcZanrXSLKM9CprGp3tSsZ9i9GPsjLskqY8rTGgX2yD6a/32FTXiZsHoAW6noHJAD8gmN4tDsA3S3NgRnChMCfs6Zzu5sRohWowz2ap3DV79rJc6zQfLnvQ1yPN1wPDQQ4PbDCJR11ymrFeNn6T3NVTZH2ia6ugwrnzBqN5xqRDESmvua8uVmiJrF3NYEr.png) ****************************************************************** ## **

IN CONCLUSION