The Genesis Block
Shekyl NG launches from a clean genesis block with transparent initial allocations and a published strategy for continuity from the original network.
Genesis Allocation
Founding Developers
4 developers × 20,000 SKL each
80,000 SKL
Foundation Account
Reserved for ecosystem operations and growth
60,000 SKL
Initial visible allocation shown as 140,000 SKL total (80,000 founders + 60,000 foundation).
Why a New Genesis
Shekyl NG uses a new-genesis reboot. Instead of carrying old runtime consensus and transaction rules indefinitely, the network starts clean at block 0 with modern design goals.
To preserve an auditable link to the original 2018-2019 chain, the strategy includes embedding a UTXO snapshot Merkle commitment into genesis transaction metadata. This preserves economic/accounting continuity while allowing the rebooted network to run improved consensus and transaction formats.
Design Goal
Preserve what matters economically, modernize what matters technically.
How the Genesis Strategy Works
Phase 1: Snapshot Collection
Collect and verify a UTXO snapshot from the original chain and publish a commitment for independent verification.
Phase 2: New Genesis Block
Launch a fresh block 0 with network identity, fixed genesis nonce, and snapshot commitment.
Phase 3: Optional Balance Restoration
Optionally restore historical balances via a deterministic or claim-based migration mechanism selected before mainnet.
Phase 4: Reboot Activation
Run modern consensus and transaction standards, including RandomX and PQ-enabled transaction flows.
Foundation Transparency
The foundation allocation (60,000 SKL) is intended to support public goods and ecosystem growth: website operations, ongoing development, advertising, research, and education.
Transparency principle: foundation holdings and spending should be trackable on-chain and disclosed with clear intent so contributors and users can verify how ecosystem funds are used.