Genesis Block
By CoinGecko | Updated on Aug 12, 2021
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Related Terms
Immutable
A property characterized by inability to be change and stays unchanged over time.
Token Burn
An event in which tokens are verifiably removed permanently removed from circulation.
Stop-loss Order
Conditional market order to sell at the next available price, excuted if the price of an asset falls below set-upon limit
Off-chain
It refers to transactions occuring outside the blockchain and executed instantly.
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