Difference between revisions of "Coinbase"
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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 [[Bitcoin_transactions|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 | ||
Revision as of 04:59, 9 October 2019
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