Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Eildosa on January 01, 2014, 03:49:45 PM



Title: How are the first coin generated?
Post by: Eildosa on January 01, 2014, 03:49:45 PM
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.


Title: Re: How are the first coin generated?
Post by: yogi on January 01, 2014, 03:52:51 PM
There are no fixed rules about how an altcoin generates its first coins, it's implementation specific.


Title: Re: How are the first coin generated?
Post by: .Robin. on January 01, 2014, 03:55:14 PM
Dev mines the first block