Coinbase transaction
The first transaction in a Bitcoin block, through which the miner claims the permitted block reward.
In more detail
This use of 'coinbase' has nothing to do with the exchange's customer accounts. It's a special Bitcoin transaction that creates the allowed subsidy and collects transaction fees without spending ordinary earlier outputs. Its reward outputs must mature before they can be spent, unlike an ordinary received payment.
How you might use it
You inspect a block's first transaction and see the miner's reward output. That's its coinbase transaction, regardless of which exchange you use.
- Also called
- Generation transaction
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