Coinbase: Difference between revisions
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It only proofs that the article existed at the time the first block of the main chain was generated. Not that any other chain existed before the main chain. |
m "The Times" ≠ "FT" (Financial Times) |
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The '''coinbase''' is the content of the 'input' of a generation [[transaction]]. While regular transactions use the 'inputs' section to refer to their parent transaction outputs, a generation transaction has no parent, and creates new coins from nothing. | The '''coinbase''' is the content of the 'input' of a generation [[transaction]]. While regular transactions use the 'inputs' section to refer to their parent transaction outputs, a generation transaction has no parent, and creates new coins from nothing. | ||
The coinbase can contain any arbitrary data. The [[genesis block]] famously contains the dated title of | The coinbase can contain any arbitrary data. The [[genesis block]] famously contains the dated title of a newspaper article in The Times: | ||
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks | The Times 03/Jan/2009 Chancellor on brink of second bailout for banks | ||
Latest revision as of 12:10, 17 January 2020
- For the business, see Coinbase (business).
The coinbase is the content of the 'input' of a generation transaction. While regular transactions use the 'inputs' section to refer to their parent transaction outputs, a generation transaction has no parent, and creates new coins from nothing.
The coinbase can contain any arbitrary data. The genesis block famously contains the dated title of a newspaper article in The Times:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks