What Are Coinbase Transactions?


Jake Morr


August 25, 2023

The Coinbase transaction is the first transaction within every Bitcoin block, responsible for introducing new Bitcoin and collecting transaction fees. This unique transaction distributes the mining subsidy (newly minted Bitcoin) and accumulates the transaction fees from all other transactions within that block. Unlike typical transactions, a Coinbase Transaction doesn't have inputs because it creates new Bitcoin. Miners receive this as a reward for their efforts in validating and adding a new block to the Bitcoin blockchain.


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