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The merkle root is constructed using all the TXIDs of transactions in this block, but first the TXIDs are placed in order as required by the consensus rules:. The coinbase transaction’s TXID is always placed first.

Coinbase and Overstock.com just fixed a serious glitch that allowed Overstock customers to buy any item at a tiny fraction of the listed price. Potentially more punishing, the flaw let anyone paying with bitcoin reap many times the authorized bitcoin refund amount on any canceled Overstock orders.

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