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A Bitcoin coinbase transaction is the first transaction in a block, created by miners to reward themselves for successfully mining a new block. This transaction diagram illustrates how the coinbase transaction works, including inputs and outputs.
In the diagram, the coinbase transaction typically has no inputs from previous transactions, as it generates new bitcoins. The output includes the block reward and transaction fees, sent to the miner\“s address.
Understanding this diagram helps in grasping Bitcoin\“s mining process and the role of coinbase transactions in the blockchain. |
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