Nyzo techGenesis block

Genesis block

The Genesis block started the Nyzo blockchain and generated all coins for the system. It contains a single type-0 transaction that transferred ∩100,000,000 to address 64afc20a4a4097e8-494239f2e7d1b1db-de59a9b157453138-f4716b72a0424fef.

Initially, all ∩100,000,000 from the Genesis block was under the control of the Nyzo team. The following table will provide a full accounting of the transactions that took place between the Genesis block, height 0, and the final transfer to the cycle account at height 4720382. This table is not yet complete.

block height
event
amount
total coins in circulation
total coins locked
Genesis coins controlled by Nyzo team*
0
coin generation
∩100,000,000.000000
∩0.000000
∩0.000000
∩100,000,000.000000
2112033
v500 bounty
∩47117.794487
2112076
v500 bounty
∩3007.518797
2159372
v500 bounty
∩25062.656642
2353852
v503 bounty
∩100,250.626567
2416396
v503 bounty
∩50,125.313284
2416404
v503 bounty
∩25,062.656642
2518864
v503 bounty
∩50,125.313284
3981435
v539 bounty
∩30,075.187970
4131829
v541 bounty
∩20,050.125314

This does not include coins earned by official or unofficial Nyzo verifiers. When locking was implemented, all coins earned by the 10 official Nyzo verifiers were locked. Additionally, all coins earned by 3 unofficial Nyzo verifiers were locked. Before the locking, these coins were considered to be in circulation, though none were sold. After the locking, these coins were no longer in circulation.