History

Answer to the Question

In this block (height 894201), there are 1,918 transactions with a notably large coinbase reward, making it an interesting occurrence.

Key Insights

• Block Features:

  • Total Transactions: 1,918, a higher count compared to the previous block's 3,136.
  • Coinbase Reward: Contains 313,572,268 satoshis and it also has an OP_RETURN output, which means it carries additional data alongside the coinbase transaction.
  • Block Size: 1,887,227 bytes, indicating a substantial amount of data processed.

• Miner Information:

  • Miner: This block was mined by ViaBTC, which is a notable miner. The previous block had no listed miner.

• Fees:

  • The top transaction took a fee of 7,784 satoshis, indicating that users paid more to expedite their transactions.

This block's features, particularly the significant coinbase value and its miner, make it noteworthy in Bitcoin's ongoing narrative.

Q: What can you tell me about block 894177?

Block 894177 is notable for a few reasons:

• Miner: It was mined by Foundry USA, marking their continued prominence in Bitcoin mining.
• Coinbase Value: It contains a substantial coinbase transaction totaling 317,281,920 sats, indicating a significant block reward.
• Number of Transactions: With 4,010 transactions, it features a high activity level, though slightly less than the previous block's 4,154.
• Data Output: The coinbase has an OP_RETURN output, which suggests it carries additional data, potentially for various uses like smart contracts or related information.
• Total Size: The block size is relatively large at 1,679,122 bytes, allowing for the high volume of transactions.

Insights:

• This block is interesting due to the significant coinbase value and the high transaction count.
• The presence of OP_RETURN indicates evolving functionalities within the Bitcoin network.
• The slight decrease in transaction count compared to the previous block doesn't diminish the block's high engagement overall.

Overall, block 894177 underscores the ongoing utility and activity present in the Bitcoin network, showcasing its regularly evolving technological landscape.

What’s Noteworthy About Block 894174?

Block 894174, mined by Foundry USA, is significant for its high transaction volume and the inclusion of an OP_RETURN output in its coinbase transaction.

Key Insights:

• High Transaction Count: This block contains 4,904 transactions, showcasing a bustling activity level and strong network usage.
• Coinbase Value: The coinbase transaction had a generous reward of 316,099,744 sats, indicating robust mining incentives.
• Significant Fees: Notable top transaction fees include 39,035 sats for the highest fee, demonstrating the value placed on speed during transactions.
• Transaction Variety: The wallet types indicate diverse usage, with 28 V0_P2WPKH and 8 OP_RETURN–data-carrying transactions, hinting at innovative applications of Bitcoin.

Historical Context:

While the block doesn’t mark a groundbreaking technical event, the activity levels and the presence of unique data-output transactions reflect ongoing evolution within the Bitcoin landscape, particularly in how users leverage it for both financial and informational purposes.

This combination of factors underscores the ongoing relevance and adaptability of Bitcoin as a digital currency, resonating with the ambitions of those looking to explore its possibilities beyond mere monetary value.

The provided block is significant because it's the Genesis Block (Height: 1) of Bitcoin. This marks the very beginning of Bitcoin as a decentralized currency.

Key Insights:

• Coinbase Value: This block rewarded the miner with 5,000,000,000 satoshis, representing the initial creation of new bitcoins.
• Transactions: It contains only one transaction, the coinbase transaction, which is typical for the first block.
• Size and Weight: With a size of 215 bytes and weight of 860 units, this block is very lightweight and straightforward compared to later blocks.
• Miner and Fees: There are no fees associated with transactions in this block, as the initial mining reward covers this.
• OP_RETURN: The coinbase does not contain an OP_RETURN output, which may indicate no additional data was stored.

This block initiated the Bitcoin revolution, setting the stage for the entire blockchain ecosystem. Its simple structure and contents highlight the foundational principles of Bitcoin.

Answer to the Question

The notable aspect of block height 894174 is the presence of an OP_RETURN in the coinbase transaction, which is used to embed data in the blockchain.

Key Insights

• Miner: The block was mined by Foundry USA, a significant player in the mining space.
• Coinbase Value: The miner received a substantial 316,099,744 sats, indicating a healthy reward for mining.
• Transaction Count: With 4,904 transactions, this block contains a high number of transactions, promoting network activity.
• Size: The block size is 1,749,054 bytes, which is relatively large, suggesting it processed many transactions efficiently.
• Unusual Transaction Fees:
  • The highest fee was 39,035 sats, indicating competitive fee dynamics among users.
  • There was a notable concentration on several high-fee transactions.

Transaction Types Overview

• A total of 8 OP_RETURN transactions were included, demonstrating an increasing trend in data storage on the blockchain.
• The mix of wallet types shows a diverse usage of different Bitcoin addresses, with a significant usage of P2WPKH (28 instances).

This block does not have historical significance beyond its data usage trends, although the active participation in transactions suggests an engaged network environment. Overall, the metrics reflect strong transaction throughput and miner activity.