Coinbase transaction
The first transaction in a block is the coinbase transaction, which creates the block subsidy and collects that block’s fees for the miner.
Why it matters
The first transaction in a block is the coinbase transaction, which creates the block subsidy and collects that block’s fees for the miner.
Key ideas
- The first transaction in a block is the coinbase transaction, which creates the block subsidy and collects that block’s fees for the miner.
- This topic belongs to California Bitcoin’s mining knowledge layer.
- Use primary and technical sources where possible, and distinguish protocol facts from market narratives.
Primary and technical sources
Bitcoin Developer DocumentationBitcoin.orgBitcoin: A Peer-to-Peer Electronic Cash SystemSatoshi Nakamoto