Difference between revisions of "Coinbase"

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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 an FT article:
+
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
This is probably intended as proof that no bitcoins existed before 2009.
 

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