Ethereum: What is the format of the coinbase transaction?

Understanding Coinbase transactions: a guide to the exploitation and training of Pool Ethereum

As an cryptocurrency enthusiast, you probably know the concept of cryptocurrencies like Bitcoin and Ethereum, as well as Varousy platforms that facilitate transactions between users. However, one aspect of these transactions can be intimidating for beginners: understanding the cornerbase transaction format.

In this article, we will immerse ourselves in the details of the Coinbase transactions, focusing specifically on their format, their requirements and their implications for minors and pool administrators. We will also explore how to create a mining workflow and form an internal pool using Coinbase.

Coinbase transaction format

A Coinbase transaction is essentially a series of cryptographic operations that check the property and the transfer of a cryptocurrency. The format of a Coinbase transaction generally consists of three main components:

• Transaction ID : A unique identifier for the transaction, which is generated by the Ethereum account of the sender.

• Entrance script : A script that defines the transactions involved in the block (more on this subject below).

• output script : a script that specifies the recipient and their balance of parts.

Entrance script

The input script is a Merkle tree root, which represents the transactions sequence in the block. It is used to check the accuracy of the transaction and ensure that all the requested inputs are present. The input script generally consists of several scripts:

• 0x01: the first entry script

• 0x02: a second entry script (optional)

• … (up to a maximum or 31 entry scripts)

Exit script

The Exit script specifications The recipient’s Ethereum account and their balance of the parts. It also includes information on all additional outings, such as costs or changes.

Merkle tree roots

A Merkle tree is a data structure that allows effective verification of the accuracy of transactions. The root of the tree consists of all the entry scripts, which are chopped together to form a unique identifier.

Coinbase transaction output scripts

Exit script specifications:

• 0x00: the Ethereum account of the sender

• 0x01: the Ethereum account of the recipient and their balance

MINIAL requirements

To create an internal pool or generate mining work use Coinbase, you will have to:

• Create a new transaction : Send a transaction with the desired entries and exits.

• Sign the transaction : Use your private key to sign the transaction.

• Share the transaction (optional) : You can share the transaction on public channels like Coincheck or Binance Smart Chain.

Creation of an internal swimming pool

To create an internal pool using Coinbase, you will have to:

• Create a new account : Configure a new account in your favorite exchange platform.

• Send a transaction block

  

  : Send a series of transactions that form a block on the blockchain.

• Configure the pool settings

  : Configure the pool configuration, including its address and portfolio network (for example, Ethereum MAINNET).

Example of Coinbase Transaction

Here is an example of a cornerbase transaction:

`JSON

{

"Transaction": {

"ID": "0x1234567890abcdef",

"Entries": [

{

"Script": "0x01",

"Données": "0x0000000000000000000000000000000000000000000000000000000000000000000000"

},

{

"Script": "0x02",

"Data": "0x00000000000000000000000000000000000000000000000000000000000000001"

}

"", ","

"Outings": [

{

"Address": "0x1234567890abcdef",

"Balance": 100,

"Fresh": 10

}

]]

}

}

'

In this example, the transaction has two input scripts (0x01 ‘and 0x02`) which define the transactions involved in the block. Exit script specifications The recipient’s account and balance.

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