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Author Topic: How are the first coin generated?  (Read 465 times)
Eildosa (OP)
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January 01, 2014, 03:49:45 PM
 #1

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.

yogi
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January 01, 2014, 03:52:51 PM
 #2

There are no fixed rules about how an altcoin generates its first coins, it's implementation specific.

.Robin.
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January 01, 2014, 03:55:14 PM
 #3

Dev mines the first block
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