Mined Block Information

The block you are inquiring about, identified as Block Height 896228, was mined by Foundry USA.

Key Details

• Timestamp: 1746951111
• Coinbase Value: 315,603,531 sats
• Total Transactions: 2,117
• Size: 1,747,651 bytes

Additional Insights

The coinbase message included an OP_RETURN, indicating data-carrying transactions. This block reflects the active participation of Foundry USA within the Bitcoin mining ecosystem.

If you have more questions about this block or Bitcoin in general, feel free to ask.

Unusual or Interesting Observations

Here are some notable insights from the provided blockchain data:

• Large Coinbase Value: The block at height 896228 includes a significant coinbase value of 315,603,531 sats. This is relatively high compared to its predecessor block, which had 315,986,919 sats.

• Transaction Volume: The number of transactions in this block is 2,117, which is substantially lower than the previous block's 2,862 and the next block's 3,159. This might reflect a lower network activity or fewer high-value transactions.

• Top Transaction Fees: The highest transaction fee in block 896228 reached 100,000 sats, indicating a willingness to prioritize speed for that transaction. This contrasts with previous and subsequent blocks, where the top fees were lower.

• Diverse Wallet Types: This block showcases various wallet types, with 21 V0_P2WPKH and 10 V1_P2TR transactions. The presence of multiple wallet types reflects ongoing adaptation of different transaction formats.

• OP_RETURN Usage: The block records OP_RETURN in the coinbase, indicating a continued interest in data-carrying transactions, presenting opportunities for applications beyond simple currency transactions.

These variations in transaction fees, volumes, and wallet types highlight the dynamic nature of the Bitcoin network, illustrating shifts in miner strategies and user behaviors. Such patterns can be instrumental for developers monitoring network trends.

Technical Insights from Block 896228

Overview

The analysis of block 896228 presents several noteworthy observations regarding transaction patterns, miner behavior, and block characteristics.

Miner and Coinbase Details

• Miner: The block was mined by Foundry USA, marking a transition from the previous miner, AntPool. This change in mining authority could indicate shifts in mining pool competition.
• Coinbase Value: The miner received 315,603,531 sats, a notable amount that reflects competitive mining conditions.
• Coinbase Message: The message contains an OP_RETURN, indicating data embedded within the coinbase; this can be utilized for a variety of applications including message storage and proof-of-existence.

Transaction Dynamics

• Total Transactions: 2117 transactions were included in this block, a significant decrease from the 2862 transactions in block 896227. This may hint at reduced network congestion or changes in transaction cost efficacy.
• Transaction Fees:
  • The highest fee for a single transaction was 100,000 sats, indicating a substantial fee for prioritization during block inclusion.
  • Other notable transaction fees of 64,000 sats and 32,000 sats suggest high-value transactions, which often require speed of confirmation.

Block Characteristics

• Size and Weight: The block measured 1,747,651 bytes and 3,993,661 vbytes. The size reflects a higher inclusion of data per transaction relative to the previous block’s 1,533,465 bytes.

Bitcoin's Big Picture Integration

The Bitcoin network operates through a series of interconnected blocks, with each block containing valuable transaction data. The included block summaries illustrate key metrics reflecting the network's dynamics, such as:

• Miners and Coinbase Values: The amount of Bitcoin earned by miners (for blocks 532019, 532018, and 532020) demonstrates the competition and economic incentives for mining. The varying coinbase values indicate fluctuations in block rewards, contributing to the total supply dynamics.

• Transaction Fees: High fees in transactions, especially in the top transactions by fee, reveal market demand. Blocks often have varying numbers of transactions, as seen with 186 in block 532019 versus 1,132 in block 532018. This indicates periods of higher or lower network activity.

• Transaction Types: A breakdown of wallet types reveals the adoption of various transaction formats, such as legacy (P2PKH) and script (P2SH), which informs us about user preferences and the evolving ecosystem of Bitcoin addresses.

Contextual Dynamics

The presence of OP_RETURN outputs indicates ongoing development projects, as they enable data embedding within transactions, which can enhance functionality beyond basic value transfer.

Furthermore, the increasing block sizes and weights over time reflect improvements in transaction handling and network capacity, fundamental elements for scaling Bitcoin to accommodate growing user adoption.

Understanding these factors provides developers insight into Bitcoin's operational health and future trajectory, critical for informed participation in this decentralized network.

A Bitcoin Horror Story: Explained for a 5-Year-Old

Once upon a time, in the spooky world of Bitcoin, there were blocks, like treasure chests, that held secrets.

The Haunted Block

• One day, all the miners wanted to find the cryptocurrency treasure inside block 762405.
• Inside, there were 632,893,699 spooky little coins called "satoshis."
• But watch out! This block had 958 transactions—each one a whisper of a ghostly deal.

The Eerie Fees

• Some transactions paid super spooky fees to be heard.
  • The highest fee was 65,178 satoshis—a real fright!
• The miners worked together, swinging their pickaxes to dig through the block, uncovering each ghostly transaction.

The Mysterious Wallets

• In Bitcoin land, there were different kinds of wallets, like treasure maps:
  • Some held data that told hidden stories, others held the coins safely away from scary hands.

And every time a new block appeared, it was like opening a new haunted chest filled with surprises!

So, whenever you hear Bitcoin’s name at night, remember the spooky adventures that happen in the world of blocks and transactions!

And that's how Bitcoin can be a little scary and a whole lot of fun! 🌕🎃