Genesis Block
By CoinGecko | Updated on Aug 12, 2021
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Related Terms
Public Blockchain
An open sourced blockchain where participation is public and permissionless
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
opML (Optimistic Machine Learning)
opML (Optimistic Machine Learning) employs an optimistic verification mechanism and is able to handle large-scale machine learning models with billions of parameters efficiently, using fraud proofs that verify the ML computation.
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