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What is a coinbase transaction?

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Cryptocurrency 16 minutes ago (Feb 11, 2023 12:20PM ET)

What is a coinbase transaction? © Reuters

Coinbase (NASDAQ:COIN) transactions are structured as the first transaction in a block, where the miner includes a newly minted amount of BTC as a reward for their effort in solving a complex mathematical problem to validate transactions and create a new block on the blockchain.

Coinbase transactions have a special format. Compared to a regular transaction input, a coinbase transaction has a different set of values that do not represent unspent transaction output (UTXO).

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What is a coinbase transaction?

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