Topic: How are the first coin generated? (Read 468 times)
Dev mines the first block
There are no fixed rules about how an altcoin generates its first coins, it's implementation specific.
Hi,
I see a lot of altcoin poping up every day.
But how are the first coin generated?
From what I understood mining is validating transaction,
but since at the beginning there is no coins, then there is no transaction to validate.
Thanks.
I see a lot of altcoin poping up every day.
But how are the first coin generated?
From what I understood mining is validating transaction,
but since at the beginning there is no coins, then there is no transaction to validate.
Thanks.
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