Bitcoin Forum
May 13, 2024, 05:41:48 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Relationship: blocks to coins?  (Read 666 times)
candtalan (OP)
Newbie
*
Offline Offline

Activity: 55
Merit: 0


View Profile
April 02, 2013, 02:10:01 PM
 #1

What is the relationship between blocks and coins? Is there a useful link please? Or a simple explanation?
tia
1715622108
Hero Member
*
Offline Offline

Posts: 1715622108

View Profile Personal Message (Offline)

Ignore
1715622108
Reply with quote  #2

1715622108
Report to moderator
1715622108
Hero Member
*
Offline Offline

Posts: 1715622108

View Profile Personal Message (Offline)

Ignore
1715622108
Reply with quote  #2

1715622108
Report to moderator
1715622108
Hero Member
*
Offline Offline

Posts: 1715622108

View Profile Personal Message (Offline)

Ignore
1715622108
Reply with quote  #2

1715622108
Report to moderator
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715622108
Hero Member
*
Offline Offline

Posts: 1715622108

View Profile Personal Message (Offline)

Ignore
1715622108
Reply with quote  #2

1715622108
Report to moderator
1715622108
Hero Member
*
Offline Offline

Posts: 1715622108

View Profile Personal Message (Offline)

Ignore
1715622108
Reply with quote  #2

1715622108
Report to moderator
DannyHamilton
Legendary
*
Offline Offline

Activity: 3388
Merit: 4653



View Profile
April 02, 2013, 02:51:37 PM
 #2

What is the relationship between blocks and coins? Is there a useful link please? Or a simple explanation?
tia

Coins don't actually exist.  The concept of "coins" is an abstraction that we use to make conversation easier.  What actually exists is transactions in a public ledger.  The blockchain is that public ledger. Blocks are a collection of transactions in that ledger that the network has come to a consensus on. Most transactions consist of one or more outputs assigning value to an address and one or more inputs (previous unspent outputs) providing the value that will be assigned in the outputs.  Each block is allowed a single special transaction called a "coinbase" transaction that has no inputs.  The sum of the outputs in the coinbase transaction is not permitted to be larger than the sum of the block subsidy (which is the newly minted bitcoins) and the transaction fees of all included transactions.
r.willis
Jr. Member
*
Offline Offline

Activity: 42
Merit: 11


View Profile
April 02, 2013, 07:32:14 PM
 #3

To be exact, block is the miner's vision of network consensus. The network and other miners can either accept block or reject it. So only block with many blocks above it can be viewed as network consensus.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!