Block: 838506 Price: $68,998.70 Txs: 3574 Fees: 0.289 BTC ($19,920.65) Outputs: 9279.828 BTC ($640,296,043.03) Time: 21:08:06 UTC 2024-04-09

Block Quote: 838506 'We propose a solution to the double-spending problem using a peer-to-peer network. The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work. The longest chain not only serves as proof of the sequence of events witnessed, but proof that it came from the largest pool of CPU proof-of-worker. As long as a majority of CPU proof-of-worker is controlled by nodes that are not cooperating to attack the network, they'll generate the longest chain and outpace attackers. The network itself requires minimal structure.' October 31, 2008 - Satoshi Nakamoto

Block Quote: 838505 'The target time between blocks will probably be 10 minutes. Every block includes its creation time. If the time is off by more than 36 hours, other nodes won't work on it. If the timespan over the last 6*24*30 blocks is less than 15 days, blocks are being generated too fast and the proof-of-work difficulty doubles. Everyone does the same calculation with the same chain data, so they all get the same result at the same link in the chain.' November 11, 2008 - Satoshi Nakamoto

Block: 838505 Price: $69,068.00 Txs: 2864 Fees: 0.265 BTC ($18,317.74) Outputs: 4068.781 BTC ($281,022,559.90) Time: 20:54:35 UTC 2024-04-09

Block: 838505 Average fee rate: 26 sat/vByte 10th: 17 sat/vByte 25th: 18 sat/vByte 50th: 19 sat/vByte 75th: 25 sat/vByte 90th: 50 sat/vByte Mined at: 20:54:35 UTC 2024-04-09 UTC

Block: 838504 Average fee rate: 38 sat/vByte 10th: 20 sat/vByte 25th: 22 sat/vByte 50th: 30 sat/vByte 75th: 50 sat/vByte 90th: 56 sat/vByte Mined at: 20:44:51 UTC 2024-04-09 UTC

Block Quote: 838504 'The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for double spending. After each transaction, the coin must be returned to the mint to issue a new coin, and only coins issued directly from the mint are trusted not to be double-spent. The problem with this solution is that the fate of the entire money system depends on the company running the mint, with every transaction having to go through them, just like a bank.' October 31, 2008 - Satoshi Nakamoto

Block: 838504 Price: $69,050.00 Txs: 3549 Fees: 0.386 BTC ($26,635.24) Outputs: 14346.796 BTC ($990,646,234.06) Time: 20:44:51 UTC 2024-04-09

Block: 838503 Price: $69,063.70 Txs: 3802 Fees: 0.334 BTC ($23,085.68) Outputs: 6642.312 BTC ($458,742,674.41) Time: 20:23:45 UTC 2024-04-09

Block: 838503 Average fee rate: 33 sat/vByte 10th: 17 sat/vByte 25th: 19 sat/vByte 50th: 21 sat/vByte 75th: 47 sat/vByte 90th: 62 sat/vByte Mined at: 20:23:45 UTC 2024-04-09 UTC