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6
votes
1answer
141 views

Why can’t the genesis block coinbase be spent?

According to the bitcoin wiki: The first 50BTC block reward went to address 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, though this reward can't be spent due to a quirk in the way that the genesis block ...
9
votes
2answers
402 views

How do you make a Genesis block?

What is involved in creating a genesis block? What makes it different from the other blocks in the chain.
1
vote
1answer
44 views

given a json of a block, how do I calculate its hash?

Here is the genesis block with its hash. How the hash was calculated? { "hash":"000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f", "ver":1, ...
10
votes
1answer
790 views

What are colored coins?

What exactly are colored coins? I've tried understanding, but I don't quite get it yet . . . Do any examples exist?
4
votes
1answer
463 views

How did the first 50 Bitcoins come into being?

How was the Bitcoin system initialized? Can one start the system with only a single node (computer)? Please explain it in plain English. Thanks, guys.
4
votes
1answer
466 views

What is TxIn's sequence?

I'm currently trying to generate the genesis block with my code and I've stumbled upon the TxIn sequence field that is not explained in the Protocol Specification wiki page, nor does it seem to appear ...