History

Bitcoin Block Overview

This document describes Bitcoin block number 500,000.

• Height: 500,000
  This indicates its position in the blockchain.

• Transaction Count: 2701
  There are 2701 transactions included in this block.

• Size: 1,048,581 bytes
  The block's total data size is about 1 MB.

• Weight: 3,992,793
  This is the block weight in weight units, impacting how blocks are validated.

• Timestamp: 1513622125
  The block was added to the blockchain on a specific date and time.

Final Note

The mining rewards and miner details are not available for this block.

Bitcoin Block Overview

• Block Height: 120,000
• Transaction Count: 56
• Size: 18,483 bytes
• Weight: 73,932 vB
• Timestamp: April 25, 2011

This block includes multiple transactions that facilitate the transfer of Bitcoin between users.

Notable Wallet Features

No specific wallet features like multisig, P2SH, or OP_RETURN are indicated in this block's data.

Unusual Behavior

There’s no mention of unusual behaviors such as batch transactions, dust outputs, or consolidation in this block. The data appears typical for blocks of this size and transaction count.

Bitcoin Transaction Overview

This Bitcoin transaction (TXID: 2071574b4d19ea166d309950c11b58d651a9304e7d06cb30aad832febab8892f) involves two inputs from a single wallet address (19Nea7ujD5bffXk4X81NDgbewSKYMhNjdk), totaling 226,748 sats. The transaction outputs two amounts: 118,191 sats to a recipient address (1seRNUpeN2Wn15bnyH1UGVQgeq6Gjxfyb) and 107,061 sats back to the same sender address as change. The miner's fee for this transaction is 1,496 sats, and it occupies a size of 374 bytes on the blockchain.

Notable Features and Behavior

The wallet appears to utilize a standard single-signature setup, as there are no indications of advanced features like multisig or RBF. The transaction includes a change output, typical for Bitcoin transactions, allowing the sender to retain excess funds.

Additionally, this transaction demonstrates batching by consolidating outputs to the same wallet address, which can help reduce transaction fees over time.

A Bitcoin transaction is like sending digital coins from one person to another.

Inputs and Outputs

• Inputs are who is sending the coins (senders).
• Outputs are who is receiving the coins (recipients).

How It Works

In this example, 5 senders are giving a total of 115,000 sats (small parts of a Bitcoin) to one person. The total sent is:

• 36024 + 17834 + 27274 + 31645 + 19040 = 115,017 sats.

Fees

To send the coins, there is a fee of 82,020 sats, which is like a cost for using the service.

Result

After paying the fee, the recipient gets 4,600,000 sats!

So, it’s like a group of friends pooling their money to buy a toy, and they pay a little extra to the store to make the purchase.

Imagine you have a big box of toys called Bitcoin. When you want to share your toys with friends, you put some toys in different bags for them.

In this case, we have a transaction with a special code called txid. Think of it like a treasure map that shows where the toys went.

Here’s what happened:

1. Inputs are the toys you had:

   • You collected toys from your friends.
   • You had more than 2 million toys from one friend and fewer from others.

2. Outputs show where the toys went:

   • You sent all the toys to one friend, who got 233,766,252 toys!

3. Fee is a small number of toys you gave away for sending them, like a thank-you gift for helping.

So, you're sharing toys, keeping your friends happy, and giving a small thank-you along the way! ✨