The Coinbase
Where does value come from?
The first transaction in every block is special. It creates new money and gives it to the miner. This is the Block Reward.
BLOCK #1
Nonce: 26176
$
Block Reward
$
fromto$
fromto0000000000000000000000000000000000000000000000000000000000000000
BLOCK #2
Nonce: 31718
$
Block Reward
$
fromto$
fromtoBLOCK #3
Nonce: 86421
$
Block Reward
$
fromto