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RE: The Genesis block, where coins go and never return

in #ico7 years ago

"In layman terms, the genesis block is the opening shot of a currency career unveiling it before its trading period." - It's more than that also because it includes the rules & regulations agreed to for the digital token's new economic ecology. So yes, it is about a token (currency) 'becoming active' and also about what conditions are agreed on by those who will be using that currency in the ledger market.

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