History

🚀 New Block #3 on Bitcoin has been mined!

• ✅ Coinbase Value: 5,000,000,000 sats
• 📝 Total Transactions: 1
• 💼 Wallet Type: P2PK
• 📏 Size: 215 bytes
• ⚖️ Weight: 860 units
• 💰 Transaction Fee: 0 sats

The blockchain keeps growing! #Bitcoin #Blockchain

The provided blockchain data does not include the difficulty value for block height 371026. To find the difficulty for this specific block, you would typically refer to either a blockchain explorer or the relevant Bitcoin node or API that provides this information. The difficulty is recalibrated approximately every 2016 blocks based on the network's performance and is crucial for understanding mining complexity at that block height. If you have access to a blockchain explorer, it would be the best way to retrieve the difficulty.

Imagine you have a big, magical ledger where every time you play a game, your scores go in. In our story, this ledger is called Bitcoin. Each time someone finishes a game (which is like a transaction), the new scores are written down in a new "block."

In the latest block, there were 4,558 games played! After everyone played, a special player called Foundry USA came along and added everything to the ledger. They earned 318,266,157 satoshis (like points) for their hard work.

The magical ledger also lets you write little notes. This block had some of those special notes, showing that people wanted to share more fun facts while playing. There were different ways people kept their scores, like having special stickers or colored papers.

So, in short, Bitcoin is like a giant game where everyone can see the scores, share notes, and make sure everything is fair and fun!

Imagine you have a magical treasure chest called Bitcoin. Each time someone puts coins in or takes coins out, we can see what happens through a big book where all the actions are written down. This book is protected by many people, so we know it stays safe and fair.

In this story, a recent event took place. Someone added 50,605,600 tiny treasure pieces to the chest. They then took out 51,457,512 tiny pieces, which might sound like they lost some, but they only paid a small extra fee to keep everything safe—like a tiny cost to make sure the treasure was handled right.

This special event got sealed in a block, which is like a page in our big book. On that page, many other actions were written too, making it really busy. Even though we don’t know who helped keep the treasure chest safe, we do know they managed all these actions very well.

So, in short, just like how we trust our friends to play fair at a game, Bitcoin relies on everyone watching to keep things honest and secure!

• Transaction Type: This is a P2PKH transaction, indicated by the presence of a single input from a legacy address type, suggesting a standard transfer to a traditional Bitcoin wallet.

• Input/Output Patterns: The transaction features a high input count of 500, which is atypical for standard transfers and suggests consolidation behavior—merging a large number of UTXOs into fewer outputs. The output structure is singular, implying a direct transfer rather than further dispersal.

• Fee Analysis: The transaction fee of 148,088 satoshis stands out, being significantly high relative to the output. This suggests an urgency or high-priority nature, potentially indicating a market strategy to ensure quick confirmation.

• Non-Privacy Features: There are no indicators of privacy techniques employed (like CoinJoin), and with high consolidation, it may expose the wallet's activity pattern without masking.