September 2019
Beginner to intermediate
540 pages
13h 3m
English
Content preview from Learn Ethereum
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Genesis block and coin supply
In Bitcoin, there is no central authority issuing the cryptocurrency and controlling the money supply. Instead, Bitcoin is created by the Bitcoin blockchain network through the discovery of new blocks. As shown in the following screenshot, the first block is also called the genesis block, or block #0, which was mined on June 3, 2009, with an output of 50 BTC. The first 50 BTC is unspendable.
The following screenshot shows the genesis block in the Bitcoin blockchain:
Bitcoin uses a Bitcoin generation algorithm ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.