Bitcoin Q&A: Genesis block and coinbase transactions



How were the first bitcoins created? Who was mining in those early days? What is a coinbase transaction and how do miners integrate it within each block?

Genesis block code: https://github.com/bitcoinbook/bitcoinbook/blob/4bad0fb922c26c9088402aefe95cbf4276f2e334/code/satoshi-words.cpp

More on coinbase transactions: https://github.com/bitcoinbook/bitcoinbook/blob/f8b883dcd4e3d1b9adf40fed59b7e898fbd9241f/ch06.asciidoc

Note: “Coinbase” transactions should not be confused with the centralised California-based exchange, Coinbase Inc.

These questions are from the MOOC 9.2 session, which took place on February 23rd 2018. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles.

If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

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Consensus Algorithms, Blockchain Technology, and Bitcoin – https://youtu.be/fw3WkySh_Ho
Advanced Bitcoin Scripting Part 1: Transactions and Multisig – https://youtu.be/8FeAXjkmDcQ
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Bitcoin: Where the Laws of Mathematics Prevail – https://youtu.be/HaJ1hvon0E0
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What is mining? – https://youtu.be/t4p4iMqmxbQ
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Nonces, mining, and quantum computing – https://youtu.be/d4xXJh677J0
The rules of Bitcoin (part 1) – https://youtu.be/VnQu4uylfOs
The rules of Bitcoin (part 2) – https://youtu.be/vtIp0GP4w1E
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The value of proof-of-work – https://youtu.be/ZDGliHwstM8
Could a state-sponsored 51% attack work? – https://youtu.be/KUd8ZGgm6Qo
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Why running a node is important – https://youtu.be/oX0Yrv-6jVs
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Spam transactions and Child Pays For Parent (CPFP) – https://youtu.be/t3c0E4fkSNs
Energy consumption – https://youtu.be/2T0OUIW89II
Solar energy and mining in space – https://youtu.be/cusakcpa8AM
Bitmain and ASICBoost allegations – https://youtu.be/t6jJDD2Aj8k

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Subscribe to the channel to learn more about Bitcoin & open blockchains!

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Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)

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