A coinbase is a transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More that spends or creates newly minted coins. It is the first transaction in a blockA block is a specific type of construct in a blockchain that stores transactional information blocks typically contain transaction information... Read More. A coinbase usually pays out a rewardA reward is an incentive given to a miner who successfully hashes a transaction block. The reward for completing a... Read More to miners for the successful creation of a new block on the blockchainAs a distributed ledger technology (DLT), a blockchain is a digital ledger that can create an immutable record of transactions.... Read More.
