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'.

Mnemonic Phrase

A mnemonic phrase (also known as mnemonic seed, or seed phrase) is a list of words used in sequence to access or restore your cryptocurrency assets.

Masternodes

Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined.

Proof-of-Authority (PoA)

A consensus algorithm that asigns block validation queue based on identity and reputation.

Genesis Block

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'.

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