In the Cardano ecosystem, Genesis Coins refer to the original coins that were minted at the inception of the network. These coins were created during the network’s “genesis block,” which is the very first block of transactions in the Cardano blockchain.
At the launch of Cardano, the genesis block contained a pre-determined number of ADA coins, which were distributed to early investors, the founding teams, and other participants through mechanisms like initial coin offerings (ICO). These coins are the foundational tokens of the ecosystem and have been circulating in the network since its beginning.
Genesis coins in Cardano serve the same purpose as in other blockchains—they are the original, first-minted tokens that set the foundation for all future transactions and economic activities within the network. However, they don’t have any special technical features that distinguish them from other ADA coins currently in circulation.
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