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Glossary Term:

Genesis Block

The first block in the Bitcoin Blockchain, also known as Block Zero. Mined on January 3rd, 2009 at 10:15 AM by Satoshi Nakamoto, every other block in the blockchain stems from the Genesis Block. This block also contains the oldest Bitcoins in existence, as it contains the first Block Reward, 50 Bitcoins at the time. On this block, Satoshi Nakamoto wrote a hidden message about the failing state of the current financial system with “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”.