Title: What is Coinbase Transaction? Post by: Henri Cartier on August 22, 2019, 11:41:53 AM A Coinbase transaction is a unique bitcoin transaction that is created by the miners to collect block rewards. And any transaction fees collected by the miners are also sent in this transaction. It is the first transaction in a New block.
>> I found this information very informative and useful. If anyone knows more about this can share your thoughts here. Source: https://blog.cex.io/bitcoin-dictionary/coinbase-transaction-12088 https://learnmeabitcoin.com/glossary/coinbase-transaction Title: Re: What is Coinbase Transaction? Post by: BrewMaster on August 22, 2019, 11:55:44 AM The main difference between normal transaction data and Coinbase transaction is it has no inputs and there is one created with each new block that is mined on the network. This transaction is called as "Coinbase"[/li][/list] actually because the structure of a coinbase transaction is no different than other transactions, it also has an input. the difference is that this input is a special one. it uses a 32 zero bytes as its outpoint txid and index of maximum uint32. and the scriptsig can be anything. Quote
Title: Re: What is Coinbase Transaction? Post by: BitcoinGirl.Club on August 22, 2019, 02:19:13 PM So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins?
Sorry, if I sound really stupid 😛 Title: Re: What is Coinbase Transaction? Post by: BrewMaster on August 22, 2019, 03:30:59 PM So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins? Sorry, if I sound really stupid no it is not called "virgin bitcoin"! at least i've never heard anybody refer to them in that way. the transaction itself is called "coinbase transaction" and the reward is referred to either as "block reward" or "newly generated coins". a lot of different bitcoin related websites are using names that are used in bitcoin for protocol or otherwise. some examples: coinbase (exchange and wallet), blockchain (block explorer and wallet), merkle (news site), statoshi (statistics), ... Title: Re: What is Coinbase Transaction? Post by: bob123 on August 22, 2019, 04:24:46 PM
This is done to protect the network against spending coins which do not exist due to forks. It does not protect the coinbase transaction itself in any way. So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins? I never heard the term 'virgin bitcoins'. The first transaction of a block indeed is the coinbase transaction and is composed of the block reward and the fees. The exchange coinbase.com has chosen that name because of the term. Title: Re: What is Coinbase Transaction? Post by: Henri Cartier on August 23, 2019, 04:28:43 AM Quote
Noted and corrected it. Thanks This is done to protect the network against spending coins which do not exist due to forks. It does not protect the coinbase transaction itself in any way. Edited it. Thank you! So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins? Yes, it is not related to coinbase.com. It's just the terminology. I have not heard the term "virgin bitcoins". The Coinbase transaction is also called Generation transaction. Title: Re: What is Coinbase Transaction? Post by: PrimeNumber7 on August 23, 2019, 05:28:49 AM So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins? I never heard the term 'virgin bitcoins'. Title: Re: What is Coinbase Transaction? Post by: BitcoinGirl.Club on August 23, 2019, 08:33:20 PM The exchange coinbase.com has chosen that name because of the term. And all those days I was wondering why the hack blockchair.com have a section says, coinbase tx? Yes/NoI used to think why do they specially try to find a link/(whatever) with coinbase.com LOL https://i.ibb.co/DLg6kKK/52246808.png Title: Re: What is Coinbase Transaction? Post by: BitMaximum on September 26, 2019, 06:19:04 AM
This is done to protect the network against spending coins which do not exist due to forks. It does not protect the coinbase transaction itself in any way. So a Coinbase Transaction does not have anything to do with the site coinbase.com? It's just the terminology or I am wrong? I thought it's called virgin bitcoins? I never heard the term 'virgin bitcoins'. The first transaction of a block indeed is the coinbase transaction and is composed of the block reward and the fees. The exchange coinbase.com has chosen that name because of the term. The term 'Virgin Bitcoins' is used very often. This is Bitcoins that have no history of transactions. Virgin Bitcoins actively discussed at Bitcointalk because of tightening of controls of Financial Action Task Force (FATF) against money laundering over the cryptocurrency, obliging crypto exchanges and other service providers with crypto to comply with AML. Title: Re: What is Coinbase Transaction? Post by: pooya87 on September 26, 2019, 06:45:52 AM ~ The term 'Virgin Bitcoins' is used very often. not really. i have also never heard the term "virgin bitcoins" be used ever before that one company recently started using it and the news sties started copying the content (with this word in it). so if anything this term is something that was created recently and by one company and nobody even uses it any place else. |