What is the ID of the coinbase transaction in the block that includes the transaction?

7 answers

• Noureldin ElabyadNov 24, 2021 · 4 years ago
  The ID of the coinbase transaction in the block that includes the transaction is a unique identifier assigned to the transaction. It is generated by hashing the coinbase transaction data using a cryptographic hash function. The purpose of the coinbase transaction ID is to provide a way to reference and track the transaction within the blockchain. It helps to ensure the integrity and immutability of the transaction data.
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• F17Sep 08, 2021 · 4 years ago
  When a new block is created in a cryptocurrency network, the coinbase transaction is the first transaction in the block. Its ID is generated by combining the block header data, including the previous block's hash, with the coinbase transaction data. This ID serves as a proof of work and is used to verify the validity of the block. It is an essential component of the blockchain's security and consensus mechanism.
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• Elton CorrêaJun 03, 2022 · 3 years ago
  The ID of the coinbase transaction in the block that includes the transaction is a unique identifier that distinguishes it from other transactions in the block. It is generated by the mining node that successfully solves the cryptographic puzzle and adds the block to the blockchain. The ID is typically a hexadecimal string and can be found in the block's header. It plays a crucial role in confirming the validity of the block and ensuring that the miner is rewarded with the appropriate amount of cryptocurrency.
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• Khin Aye Aye NyeinAug 28, 2021 · 4 years ago
  The coinbase transaction ID is a special identifier assigned to the coinbase transaction in a block. It is generated by the mining node and serves as a reference to the transaction within the block. The ID is derived from the coinbase transaction data, which includes the miner's reward address and any additional data specified by the miner. It is important for validating the block and ensuring that the miner receives the correct reward for their work.
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• Paul Al-MallahMar 24, 2024 · a year ago
  In the context of cryptocurrency, the ID of the coinbase transaction in the block that includes the transaction is a unique identifier that represents the transaction. It is generated by hashing the coinbase transaction data using a cryptographic algorithm. The coinbase transaction ID is used to verify the integrity of the transaction and ensure that it has not been tampered with. It is an essential component of the blockchain technology and helps maintain the security and transparency of the cryptocurrency network.
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• Aleksander Kotyński-BuryłaFeb 03, 2023 · 3 years ago
  The ID of the coinbase transaction in the block that includes the transaction is a hexadecimal string that uniquely identifies the transaction within the block. It is generated by hashing the coinbase transaction data using a cryptographic algorithm. The coinbase transaction ID serves as a reference to the transaction and is used to validate the block. It is an important aspect of the blockchain technology and ensures the integrity and immutability of the transaction data.
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• Iroda IrodaJul 02, 2024 · a year ago
  The ID of the coinbase transaction in the block that includes the transaction is a unique identifier that is generated by the mining node. It is derived from the coinbase transaction data, which includes the miner's reward address and any additional data specified by the miner. The coinbase transaction ID is used to verify the authenticity of the block and ensure that the miner is rewarded correctly. It is an integral part of the cryptocurrency mining process and contributes to the security and stability of the blockchain network.
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