Difference between revisions of "Coinbase"

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For the Bitcoin business, see [[Coinbase (business)]].
 
For the Bitcoin business, see [[Coinbase (business)]].
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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.
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The coinbase can contain any arbitrary data. The [[genesis block]] famously contains the dated title of an FT article:
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The Times 03/Jan/2009 Chancellor on brink of second bailout for banks
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==See also==
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* [[Transactions]]
  
 
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Revision as of 04:16, 24 May 2013

For the Bitcoin 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

See also

Hashbtc.jpgThis page is a stub. Help by expanding it.