History

• Transaction Type: The transaction (TXID: be6ba1176f999dd4d583fd697364ac0930922a29cc8fc1e83ceb44a3bf9d67d7) is identified as a P2WPKH (SegWit Pay-to-Witness-Public-Key-Hash), suggesting modern wallet usage.

• Inputs and Outputs: With 653 inputs and only 2 outputs, this transaction displays consolidation behavior. The significant number of inputs is indicative of gathering UTXOs, likely for efficiency or to prepare for larger future transactions.

• Fees Analysis: The fee of 180,524 sats is substantial given the context of total inputs (32,562,165 sats) and outputs (32,381,641 sats). This high fee might indicate a priority in processing, perhaps during a congested network condition.

• Overall Observation: The transaction’s structure, combined with its high fee, highlights an operational approach that seems to favor throughput and consolidation, contrasting with typical patterns of smaller, more frequent transactions.

• Transaction Type: The transaction (TXID: a92ae195930d708a6b771e676a0d592e02a1dae6c32a35b353aff100b3389590) employs a combination of P2SH and v0 P2WPKH inputs, indicating a potential multi-signature or legacy wallet setup.

• Input/Output Characteristics: It has three inputs aggregating to 13,498,102 sats, and two outputs totaling 13,496,740 sats, but lacks any OP_RETURN or CoinJoin-like behavior, indicating a straightforward transfer rather than a privacy-focused or consolidation transaction.

• Fee Analysis: The transaction fee of 1,362 sats is relatively modest given its input size, suggesting it does not fall among the higher fee payers despite the number of inputs.

• Block Insights: It was confirmed in block #902012, which comprised 2,949 transactions; however, it exhibits no unusual mining activity or anomalies in historical contexts.

Transaction Insights

• Transaction Type: The transaction (TXID: 73a3c91c18f299961432e93fe63efcd8fe8763fd7a2cde16697d303cb9113fb0) is likely a P2PKH transaction given the high number of inputs (6) and the variety of wallet types used, which includes P2PKH and wrapped formats.

• Input/Output Patterns: The total input of 583,839,631,368 sats is notably high, while the total output is 583,839,623,271 sats, indicating a relatively minor output reduction, revealing a low consolidation characteristic. The transaction does not exhibit CoinJoin properties, suggesting a straightforward fund flow.

• Fee Analysis: With a total fee of 8,097 sats, the transaction’s fee is relatively low compared to its size (around 1.4 MB), indicating efficient use of UTXOs without excessive fee payment, contrary to cases where larger fees are deducted for urgent processing.

• Network Activity: The transaction was included in a block (height 895994) that contained 3,906 transactions, suggesting a period of high network activity, possibly indicating regular user behavior rather than unusual spikes in transaction volume.

Imagine a grand ledger, a great book where all citizens of the realm can keep track of every trade, every coin that changes hands. This ledger, though invisible, binds us together in trust, ensuring that no one can cheat or deceive.

In the realm of Bitcoin, this ledger is called the blockchain. Every time a transaction happens—say, you barter a loaf of bread for a jug of milk—it gets recorded in this ledger. Once enough transactions occur, they gather into a "block," just like a page in our great book.

In the latest block, known as height 846346, a significant trade of 331,103,700 sats (think of this as coins minted from sunshine and trust) was noted. The great miner, Foundry USA, scribes this entry, sealing it with a special message that engages others: #dropgold.

People made 5,480 trades on this page, each with their own tale. Some transactions were costly, garnering mighty fees such as 103,200 sats for one trade alone, ensuring the ledger remains safe and trustworthy.

Even the previous pages, or blocks, create a foundation, much like our history, where each entry builds upon the last, making our economy stronger together. This ever-growing book cannot be torn out or falsified, preserving the sanctity of trade as long as the citizens stand united.

Thus, Bitcoin serves as a beacon of trust and clarity in the bustling marketplace of the future. With every stroke of a quill on the ledger, we move closer to a world where wealth and trade are fair for all.

Insights from Block 846346

• Miner Consistency: Foundry USA consistently mined the last three blocks, indicating stable hashing power and potentially predictable fee structures for future transactions.

• Transaction Count: With 5,480 transactions, Block 846346 shows a decrease from 7,351 in Block 846344, which could indicate fluctuating user engagement or network congestion impacting transaction generation.

• Fee Structure: The block contains substantial transaction fees, with the highest single transaction fee reaching 103,200 sats. This is notable given the context of the block and demonstrates the competitive bidding for block space.

• Size Efficiency: At 1,515,455 bytes, the size of this block is lower compared to Block 846344 despite a relatively close transaction count, indicating potential optimization or lower complexity of transactions.