History

A Bitcoin transaction is like sending digital coins from one person to another.

Inputs and Outputs

• Inputs are who is sending the coins (senders).
• Outputs are who is receiving the coins (recipients).

How It Works

In this example, 5 senders are giving a total of 115,000 sats (small parts of a Bitcoin) to one person. The total sent is:

• 36024 + 17834 + 27274 + 31645 + 19040 = 115,017 sats.

Fees

To send the coins, there is a fee of 82,020 sats, which is like a cost for using the service.

Result

After paying the fee, the recipient gets 4,600,000 sats!

So, it’s like a group of friends pooling their money to buy a toy, and they pay a little extra to the store to make the purchase.

Imagine you have a big box of toys called Bitcoin. When you want to share your toys with friends, you put some toys in different bags for them.

In this case, we have a transaction with a special code called txid. Think of it like a treasure map that shows where the toys went.

Here’s what happened:

1. Inputs are the toys you had:

   • You collected toys from your friends.
   • You had more than 2 million toys from one friend and fewer from others.

2. Outputs show where the toys went:

   • You sent all the toys to one friend, who got 233,766,252 toys!

3. Fee is a small number of toys you gave away for sending them, like a thank-you gift for helping.

So, you're sharing toys, keeping your friends happy, and giving a small thank-you along the way! ✨

Okay! Let’s learn about a Bitcoin transaction!

What is a transaction?

A Bitcoin transaction is like sending money from one friend to another using a magical digital coin called Bitcoin.

Who sends and who receives?

• Senders (inputs): These are the friends giving money. They have some Bitcoin they want to share.
• Receivers (outputs): This is the friend getting the money.

Money Values

The amounts of money are measured in satoshis (sats). Think of it like how we count pennies. There are 100,000,000 sats in 1 Bitcoin (BTC)!

Example

In our transaction:

• Total sent: Lots of small amounts from different senders add up.
• Total received: They send 233,766,252 sats to a friend.
• Fee: It costs 31,665 sats for sending.

And that’s how Bitcoin transactions work! 🌟

Bitcoin Block Overview

Block Height: 840,000
Transaction Count: 3,050
Size: 2,325,617 bytes
Weight: 3,993,281 wU
Timestamp: 1713571767 (Unix Time)

Wallet Types and Features

This block may contain various wallet types, including:

• Multisig: Requires multiple signatures for transactions.
• P2SH: Pay to Script Hash, supports complex scripts.
• OP_RETURN: Allows storing small amounts of data on the blockchain.
• RBF: Replace-by-Fee, enabling transaction fee adjustments before confirmation.
• CoinJoin: Enhances privacy by combining multiple transactions.

Unusual Features

This block processed a frequently high transaction count, suggesting potential batching or consolidation strategies employed by users. There are indications of dust transactions, which involve very low-value outputs, often not worth the fees to spend.

This Bitcoin block is like a special package that holds lots of money moves, called transactions.

• Block Height: It’s the 892,857th package sent.
• Transactions: Inside this block, there are 3,757 different money moves!

It has a size of about 1.6 MB, which means it can hold many transactions.

The exact time this package was created is called a timestamp, and it shows when everyone agreed on what happened. Although we don't know who created this block or how many rewards they earn, it’s still a busy block with lots of action!