Title: Understanding of the outputs of coinbase transactions and the blockchain Ethereum: because the prizes are lower than expected
Introduction
The Blockchain Ethereum is a decentralized and open source platform that allows the creation of intelligent contracts and decentralized applications (APPS). One of the key characteristics of the Ethereum network is the concept of coinbase transactions, which allow users to send and receive value on the chain without the need to transfer it manually. However, one of the most interesting aspects of Ethereum blockchain is the way the transaction outputs are calculated.
Because the exits of the coinbase transactions are greater than the reward
If the sum of the outputs of the coinbase transaction must be lower than or equal to the current reward (25 BTC currently), why do the blocks have an output of slightly higher money transactions? At first glance, this may seem counterintuitive. However, let’s dive more deeply in the reasoning behind it.
The concept of output of coinbase transactions
On the Ethereum Blockchaine, each block contains multiple transactions, known as coincope or transactions. Each transaction output represents a specific value that is sent or received on the chain. The total value of all transactions outputs in a block must be lower than or equal to 1 BTC (one thousand USD).
The reason behind Coinbase outputs are slightly higher
One of the reasons why the exits of coinbase transactions are slightly higher than the reward is due to the way the Ethereum network manages transactions and prizes. When a user sends the cryptocurrency to another user on the chain, he receives a certain amount of coinbase transactions that represent the value sent.
For example, if a user sends 10 BTC to a recipient, he will also receive 10 coinbase transactions (one for each BTC). These money transactions are used to calculate the reward for the miner who checked the block and added it to the blockchain. However, the exits of the Coinbase transaction do not directly correspond to the actual premiums received by the user.
Because the reward is not the same as Coinbase Output
The reason why the reward is not the same as the Coinbase output is due to a combination of factors:
- Complexity of transactions
: the Ethereum network has complex transaction algorithms that determine the value that the value of the transactions of each block emits.
- Gas prices : Gas prices, which are used to measure the computational power necessary to perform transactions on the blockchain, may vary according to market conditions and other factors.
- Allocation of the block reward : The block reward is allocated on the basis of a formula that takes into account various parameters, including complexity of transactions, gas prices and network congestion.
Conclusion
In summary, the exits of coinbase transactions are slightly higher than the reward in order to accommodate the complexities of the Ethereum network and ensure that transactions can be efficiently developed. Although this may seem counterintuitive at the beginning, it is a fundamental aspect of the architecture of Ethereum Blockchain.
Since the Ethereum ecosystem continues to grow and mature, understanding how the coinbase transaction work will become increasingly important for developers, miners and users.