What is a coinbase transaction? By Cointelegraph
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© Reuters Coinbase (NASDAQ:) transactions are structured as the first transaction in a block, where the miner includes a newly minted amount of BTC as a reward for their effort in solving a complex mathematical problem to validate transactions and create a new block on the blockchain.
Coinbase transactions have a special format. Compared to a regular transaction input, a coinbase transaction has a different set of values that do not represent unspent transaction output (UTXO).
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© Reuters Coinbase (NASDAQ:) transactions are structured as the first transaction in a block, where the miner includes a newly minted amount of BTC as a reward for their effort in solving a complex mathematical problem to validate transactions and create a new block on the blockchain.
Coinbase transactions have a special format. Compared to a regular transaction input, a coinbase transaction has a different set of values that do not represent unspent transaction output (UTXO).
Continue Reading on Coin Telegraph
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