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Title: Do we know what's the most spent bitcoin? Post by: BlackHatCoiner on July 25, 2020, 10:39:23 AM All bitcoins start from a coinbase transaction. When the miner spends those bitcoins, he will create an output. Many many outputs are getting created that look like a merkle tree. Do we know what coinbase has the biggest merkle tree?
I also had heard that in order to spend a bitcoin, the coinbase transaction of it must have at least 120 confirmations. Why that? Title: Re: Do we know what's the most spent bitcoin? Post by: odolvlobo on July 25, 2020, 06:12:14 PM All bitcoins start from a coinbase transaction. When the miner spends those bitcoins, he will create an output. Many many outputs are getting created that look like a merkle tree. Do we know what coinbase has the biggest merkle tree? I also had heard that in order to spend a bitcoin, the coinbase transaction of it must have at least 120 confirmations. Why that? Outputs don't form a tree (merkle or otherwise). They form a DAG. i.e. outputs originally from a single coinbase can be joined back together into a single output. Also, I wouldn't be surprised if there are thousands of blocks linked like this to every recently-generated output. Newly minted coins cannot be spent for 100 blocks. This effectively eliminates the risk of receiving bitcoins that would disappear when a block is orphaned. |