CRYPTOCURRENCY

Ethereum: Why do we need a genesis block?

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Ethereum: Why do we need a block of genesis

In the world of blockchain technology, the
Genesis Block is the basis of the new network. Although the Bitcoin Genesis block is a well -known concept, the Ethereum Genesis block is more complex and has caused discussions between developers and fans. In this article, we explore why we need the genesis block in Ethereum.

Genesis Block: Bitcoin Standard

The bitcoin genesis block is the first block created in its block chain that begins from block 0. This block marks the beginning of the Bitcoin network and is considered significant events in the history of cryptocurrency. The Genesis block is unique due to its decentralized nature for Bitcoin, not in central management.

Why Ethereum needs a block of Genesis

The Ethereum Genesis block is not so simple. Unlike Bitcoin, Ethereum has a more complex architecture. The Ethereum Network consists of several layers that include:

  • S-STick : layer 2 scale solution that allows faster and faster events.

  • Floor 1 (ETH-STOP)

    : The nucleus with the Ethereum protocol that allows the creation of intelligent contracts and decentralized applications (DAPP).

  • Other networks : Ethereum interacts with other networks through application subscriptions, which allows interoperability.

Genesis block in Ethereum

In Ethereum, the Genesis block is not only a simple starting point, but also acts as a convergence point between these different layers. The Genesis block acts as an anchor point, which allows to create a new network that can interact with existing systems.

Here are some reasons why we need the Genesis block in Ethereum:

* Compatibility

: Ethereum must be able to interact with other networks such as Bitcoin and vice versa. The Genesis block provides a common starting point for these interactions.

* scalable : As the Ethereum network grows, it requires a new infrastructure and services. The Genesis block helps create the base for these new systems.

* Creation of intelligent contracts : The central protocol of Ethereum allows the creation of intelligent contracts that have made agreements for themselves under certain rules. The Genesis block ensures that these intelligent contracts can interact with the correct systems.

conclusion

Although Bitcoin’s Genesis block is a well -known concept, Ethereum needs a more complex block of genesis to establish its unique online architecture. This genesis block acts as a point of convergence between the ETH application and other networks, allows interoperability and facilitates scalability. As Ethereum grows and develops, obtaining the Genesis block allows you to interact correctly with existing systems and create new ones.

What does this mean for developers?

In practice, this means that by developing intelligent agreements or interacting with existing systems in the Ethereum Network, you must use the current genesis block as a reference point. This can be a challenge, especially if you work with old systems or applications subscriptions that do not match a new architecture.

However, the use of the current Genesis block also offers the opportunity for developers to take advantage of the new infrastructure and services available in the Ethereum Network.

What follows?

Ethereum continues to develop, we are likely to see greater development in the Genesis block. New layers can be added or there. It is important that the genesis block continues to serve as the basis for the Eternity Network, which allows new systems and applications to create.

In summary, Ethereum needs a block of genesis because it provides a point of unique convergence between its architecture between the different layers.

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