diff --git a/bin/node/src/commands/genesis/inputs.rs b/bin/node/src/commands/genesis/inputs.rs
index d455e30a0..22fb86c98 100644
--- a/bin/node/src/commands/genesis/inputs.rs
+++ b/bin/node/src/commands/genesis/inputs.rs
@@ -1,4 +1,6 @@
-use serde::Deserialize;
+use std::time::{SystemTime, UNIX_EPOCH};
+
+use serde::{Deserialize, Serialize};
 
 // INPUT HELPER STRUCTS
 // ================================================================================================
@@ -6,21 +8,21 @@ use serde::Deserialize;
 /// Input types are helper structures designed for parsing and deserializing genesis input files.
 /// They serve as intermediary representations, facilitating the conversion from
 /// placeholder types (like `GenesisInput`) to internal types (like `GenesisState`).
-#[derive(Debug, Clone, Deserialize)]
+#[derive(Debug, Clone, Deserialize, Serialize)]
 pub struct GenesisInput {
     pub version: u32,
     pub timestamp: u32,
     pub accounts: Vec<AccountInput>,
 }
 
-#[derive(Debug, Clone, Deserialize)]
+#[derive(Debug, Clone, Deserialize, Serialize)]
 #[serde(tag = "type")]
 pub enum AccountInput {
     BasicWallet(BasicWalletInputs),
     BasicFungibleFaucet(BasicFungibleFaucetInputs),
 }
 
-#[derive(Debug, Clone, Deserialize)]
+#[derive(Debug, Clone, Deserialize, Serialize)]
 pub struct BasicWalletInputs {
     pub init_seed: String,
     pub auth_scheme: AuthSchemeInput,
@@ -28,7 +30,7 @@ pub struct BasicWalletInputs {
     pub storage_mode: String,
 }
 
-#[derive(Debug, Clone, Deserialize)]
+#[derive(Debug, Clone, Deserialize, Serialize)]
 pub struct BasicFungibleFaucetInputs {
     pub init_seed: String,
     pub auth_scheme: AuthSchemeInput,
@@ -39,7 +41,37 @@ pub struct BasicFungibleFaucetInputs {
     pub storage_mode: String,
 }
 
-#[derive(Debug, Clone, Copy, Deserialize)]
+#[derive(Debug, Clone, Copy, Deserialize, Serialize)]
 pub enum AuthSchemeInput {
     RpoFalcon512,
 }
+
+impl Default for GenesisInput {
+    fn default() -> Self {
+        const SEED_SUFFIX: &str = "123456789abcdef0123456789abcdef0123456789abcdef0123456789abcdef";
+        Self {
+            version: 1,
+            timestamp: SystemTime::now()
+                .duration_since(UNIX_EPOCH)
+                .expect("Current timestamp should be greater than unix epoch")
+                .as_secs() as u32,
+            accounts: vec![
+                AccountInput::BasicWallet(BasicWalletInputs {
+                    init_seed: "0xa".to_string() + SEED_SUFFIX,
+                    auth_scheme: AuthSchemeInput::RpoFalcon512,
+                    auth_seed: "0xb".to_string() + SEED_SUFFIX,
+                    storage_mode: "off-chain".to_string(),
+                }),
+                AccountInput::BasicFungibleFaucet(BasicFungibleFaucetInputs {
+                    init_seed: "0xc".to_string() + SEED_SUFFIX,
+                    auth_scheme: AuthSchemeInput::RpoFalcon512,
+                    auth_seed: "0xd".to_string() + SEED_SUFFIX,
+                    token_symbol: "POL".to_string(),
+                    decimals: 12,
+                    max_supply: 1000000,
+                    storage_mode: "on-chain".to_string(),
+                }),
+            ],
+        }
+    }
+}
diff --git a/bin/node/src/commands/genesis/mod.rs b/bin/node/src/commands/genesis/mod.rs
index 32c1942e0..d0a0fb886 100644
--- a/bin/node/src/commands/genesis/mod.rs
+++ b/bin/node/src/commands/genesis/mod.rs
@@ -4,7 +4,7 @@ use std::{
 };
 
 use anyhow::{anyhow, Result};
-use inputs::{AccountInput, AuthSchemeInput, GenesisInput};
+pub use inputs::{AccountInput, AuthSchemeInput, GenesisInput};
 use miden_lib::{
     accounts::{faucets::create_basic_fungible_faucet, wallets::create_basic_wallet},
     AuthScheme,
diff --git a/bin/node/src/commands/init.rs b/bin/node/src/commands/init.rs
index 42c19ff37..13ea35c45 100644
--- a/bin/node/src/commands/init.rs
+++ b/bin/node/src/commands/init.rs
@@ -2,27 +2,41 @@ use std::{fs::File, io::Write, path::PathBuf};
 
 use anyhow::{anyhow, Result};
 
-use crate::config::NodeConfig;
+use crate::{commands::genesis::GenesisInput, config::NodeConfig};
 
 // INIT
 // ===================================================================================================
 
-pub fn init_config_files(config_file_path: PathBuf, _genesis_file_path: PathBuf) -> Result<()> {
+pub fn init_config_files(config_file_path: PathBuf, genesis_file_path: PathBuf) -> Result<()> {
     let config = NodeConfig::default();
     let config_as_toml_string = toml::to_string(&config)
         .map_err(|err| anyhow!("Failed to serialize default config: {}", err))?;
 
+    write_string_in_file(config_as_toml_string, &config_file_path)?;
+
+    println!("Config file successfully created at: {:?}", config_file_path);
+
+    let genesis = GenesisInput::default();
+    let genesis_as_toml_string = toml::to_string(&genesis)
+        .map_err(|err| anyhow!("Failed to serialize default config: {}", err))?;
+
+    write_string_in_file(genesis_as_toml_string, &genesis_file_path)?;
+
+    println!("Genesis config file successfully created at: {:?}", genesis_file_path);
+
+    Ok(())
+}
+
+fn write_string_in_file(content: String, path: &PathBuf) -> Result<()> {
     let mut file_handle = File::options()
         .write(true)
         .create_new(true)
-        .open(&config_file_path)
+        .open(path)
         .map_err(|err| anyhow!("Error opening the file: {err}"))?;
 
     file_handle
-        .write(config_as_toml_string.as_bytes())
+        .write(content.as_bytes())
         .map_err(|err| anyhow!("Error writing to file: {err}"))?;
 
-    println!("Config file successfully created at: {:?}", config_file_path);
-
     Ok(())
 }
diff --git a/bin/node/src/main.rs b/bin/node/src/main.rs
index 34f316de2..e8a014bd3 100644
--- a/bin/node/src/main.rs
+++ b/bin/node/src/main.rs
@@ -67,7 +67,7 @@ pub enum Command {
         #[arg(short, long, default_value = NODE_CONFIG_FILE_PATH)]
         config_path: String,
 
-        #[arg(short, long, default_value = DEFAULT_GENESIS_FILE_PATH)]
+        #[arg(short, long, default_value = DEFAULT_GENESIS_INPUTS_PATH)]
         genesis_path: String,
     },
 }