Coinbase: Difference between revisions
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For the | :''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''' 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 an FT article: | The coinbase can contain any arbitrary data. The [[genesis block]] famously contains the dated title of an FT article: | ||
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 | ||
This is probably intended as proof that no bitcoins existed before 2009. | |||
Revision as of 04:45, 28 August 2014
- 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 an FT article:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
This is probably intended as proof that no bitcoins existed before 2009.