Nyzo techDesignGenesis 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 4,720,382. This table is not yet complete.

block height
event
amount
coins released from seed wallet
coins released from reserve
total coins locked
coins in circulation1
Genesis coins controlled by Nyzo team2
0
coin generation
∩100,000,000.000000
∩0.000000
∩0.000000
∩0.000000
∩0.000000
∩100,000,000.000000
357,478
reward for helping with stall
∩100,250.626567
∩531,854.620833
404,394
∩501.253133
∩601,142.521706
419,777
UDP port configuration issue
∩501.253133
∩623,833.979662
520,253
∩10,025.062657
∩771,734.792644
540,841
∩100,250.626567
∩801,972.640657
549,815
∩2,005.012532
∩815,146.324865
556,416
∩10,025.062657
∩824,833.701730
556,466
∩20,050.125314
∩824,907.070830
1,640,652
v488 bounty
∩100,250.626567
∩2,382,931.643350
1,871,768
v495 bounty
∩40,100.250627
∩2,704,447.803461
1,993,592
v494 bounty
∩40,100.250627
∩2,873,796.760041
2,010,603
v495 bounty
∩60,150.375940
∩2,897,407.846500
2,062,087
v498 bounty
∩30,075.187970
∩2,968,622.533412
2,106,775
v499 bounty
∩10,025.062657
∩3,030,482.941478
2,112,033
v500 bounty
∩47,117.794487
∩3,037,755.078709
2,112,076
v500 bounty
∩3007.518797
∩3,037,814.555495
2,159,372
v500 bounty
∩25,062.656642
∩3,103,132.838888
2,173,460
code review
∩20,050.125314
∩3,122,545.894755
2,210,404
v493 bounty
∩25,062.656642
∩3,173,403.679024
2,210,681
v493 bounty
∩25,062.656642
∩3,173,785.343535
2,353,852
v503 bounty
∩100,250.626567
∩3,370,282.345818
2,416,396
v503 bounty
∩50,125.313284
∩3,455,432.441851
2,416,404
v503 bounty
∩25,062.656642
∩3,455,443.375515
2,518,864
v503 bounty
∩50,125.313284
∩3,594,544.205854
2,611,702
web wallet test
∩0.501254
∩3,720,422.879702
2,612,457
web wallet test
∩0.501254
∩3,721,446.747405
2,612,609
web wallet test
∩0.501254
∩3,721,652.873334
2,614,162
v508 bounty
∩100,250.626567
∩3,723,758.811955
2,746,105
∩2,730.048563
∩3,902,148.771688
3,981,435
v539 bounty
∩30,075.187970
∩5,523,275.456545
4,131,829
v541 bounty
∩20,050.125314
∩5,715,260.871248

1Coins in circulation: 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.

2Genesis coins controlled by Nyzo team: this does not include coins earned by official or unofficial Nyzo verifiers.