Coinbase

From Bitcoin Wiki
Revision as of 12:10, 17 January 2020 by JonathanCross (talk | contribs) ("The Times" ≠ "FT" (Financial Times))
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search
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