Difference between revisions of "Coinbase"

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For the Bitcoin business, see [[Coinbase (business)]].
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:''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.  
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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 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
 
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This is probably intended as proof that no bitcoins existed before 2009.
==See also==
 
 
 
* [[Transactions]]
 
 
 
{{stub}}
 

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.