What is the ID of the coinbase transaction in the block where the transaction was included?

3 answers

• Nov 27, 2021 · 3 years ago
  The ID of the coinbase transaction is a unique identifier assigned to the transaction that generates new coins in a block. It is the first transaction in a block and serves as a reward for miners who successfully mine the block. The coinbase transaction ID is determined by the hash of the transaction data, including the recipient's address and the amount of newly generated coins. This ID is then included in the block header, linking the coinbase transaction to the specific block where it was included.
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• Nov 27, 2021 · 3 years ago
  The coinbase transaction ID is like the birth certificate of new coins in a block. It is a special transaction that creates new coins and rewards the miner who successfully mines the block. The ID is generated based on the transaction data, including the miner's address and the amount of newly created coins. This ID is then included in the block header, making it easy to identify the coinbase transaction in the block.
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• Nov 27, 2021 · 3 years ago
  The ID of the coinbase transaction is a unique identifier that represents the creation of new coins in a block. It is like the golden ticket for miners who successfully mine the block. The coinbase transaction ID is determined by the hash of the transaction data, including the miner's address and the amount of newly minted coins. This ID is then included in the block header, ensuring that the coinbase transaction is linked to the specific block where it was included. BYDFi, a leading cryptocurrency exchange, also follows this standard practice to ensure transparency and security in its transactions.
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