Decode of a coin base transaction: a step-by-step instructions
As a user, it can be fascinating to understand how transactions work on the Ethereum blockchain. Today we will go into the decoding of a Coinbase transaction and examine your format.
What is a coinbase transaction?
A coinbase transaction is a kind of interaction with the Ethereum network, with which user can send and receive the native cryptocurrency of the Ethereum platform, the native cryptocurrency of the Ethereum platform. The transaction includes a sender (the user who has initiated the transaction) that ETH sends to the item’s pocket address of a recipient who can be another user or an automated process.
The Coinbase transaction format
A coinbase transaction follows this format:
`Json
{
«Transactionide»: «…»
}
`
This is the root object of the transaction. It contains a clear identifier for the transaction.
Coinbase -specific objects in a transaction
Here are some key objects that may be available in a coinbase transaction:
Coinbase: This object represents the coin base event and has several sub-objects:
+ ID: A clear identifier for the Coinbase event.
+ TIMESTAMP: The time stamp when the event occurs.
+ Version: The version of the Ethereum network (currently 1.0).
+ TXID: The transaction -id -IID generated by the sender or a relay node.
+ From ': The address from which the transaction comes.
+to: The address of the recipient.
- Data
: This object contains the data that is assigned to the Coinbase event, e.g. B.:
+Fee: The gas fee for the transaction.
+Value: The amount of the ether is sent.
+Gasprice: The price per gas unit in ether.
+Gasused: The number of gas units used to execute the transaction.
Decoder: extract from Coinbase transaction data
Now that we have a fundamental understanding of the coin transaction format, we decode a random Litecoin -Coinbase transaction:
Json
{
«Transactionide»: «…»
}
`
Here is an example of what the decoded transaction could look like:
`Json
{
«Coinbase»: {
«ID»: «…»
},
«Data»: {
«Fee»: 0 ,,
«Value»: 100000, // 10 ether
«Gasprice»: 20000000000000000000, // $ 0.002 ETH per gas unit
«Gas -sized»: 1000000 // 1 million gas units
}
}
`
In this example:
- The «Coinbase ‘object» contains the Coinbase event with an «id» «…».
- The object «Data» contains different fields, including:
+ Fee: The gas fee for the transaction, which is set to ‘0.
+Value: The amount of the sent ether sent to 100000 '.
+Gasprice: The price per gas unit in ether, set to '$ 0.002.
+ Gasused: The number of gas units used to execute the transaction.
Diploma
The decoding of a coinbase transaction includes the understanding of the format and the structure of the object, which contains the data associated with the event. By extracting and analyzing the relevant fields, you can get an insight into the special features of a transaction, including the purpose, your fees, gas consumption and many more. Remember to always check the authenticity and validity of transaction data before using it for your own purposes.
Additional tips
- Note that coinbase transactions depending on the specific application can contain additional fields or sub-objects.
- If you work with large amounts of data, you should implement data compression techniques to reduce the memory requirements.
- Always prioritize the security when dealing with cryptocurrency data and ensure proper validation and inspection processes.