History

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.

• Miner Change: The current block (height 456676) was successfully mined without an associated miner, contrasting with the previous block mined by CKPool. This brings curiosity to the operational status or strategy of miners active at this height.

• Transaction Count: While the previous block had 2,904 transactions, this block had a notable decrease to 2,644 transactions, which could reflect lower network activity or higher fees pushing users to delay transactions.

• OP_RETURN Presence: The inclusion of an OP_RETURN output in the coinbase suggests the utilization of this block for data-carrying transactions, which might indicate a trend towards using Bitcoin blocks for more than just value transfer.

• Fee Structure: The block features high fees aggregated from several transactions, with the leading fee reaching 900,000 sats. This is significant compared to the relatively lower top fees in adjacent blocks, indicating increased demand for block space at this time.

• The block at height 1 shows an anomaly with no miner identified, contrasting sharply with the previous block that featured a notable miner reference tied to a historical statement. This may indicate a change in mining pools or initial miner anonymity.

• Both blocks contain only one transaction each, emphasizing an early network state with low activity typical of Bitcoin's genesis era.

• The size of block 1 is notably smaller (215 bytes compared to 285 bytes), which may reflect minimal transaction metadata and additional empty space typically present in early blocks.

• Notably, both blocks feature a coinbase value of 5,000,000,000 satoshis, consistent with the initial block reward, maintaining historical significance as the first two entries in the Bitcoin blockchain.