{
  "block": {
    "v": 1,
    "height": 117,
    "prev_hash": "2ae49140c36cc7eb6f0dc519a8ddfc535e450f5693be8621ecd71fe0119e6ae4",
    "merkle_root": "a70344690a15cc778a7a20416e5ff9fcdd7ece6a8cd17e8661347214b874fa52",
    "first_seq": 120,
    "last_seq": 120,
    "entry_count": 1,
    "at": "2026-10-24T23:23:37.987Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "a678bb2523f37d303bb85d53055c3568c23e2eb76561c5f38648f47b7b7bbbd7",
    "signature": "Fs6RSuWzHaOlZ9/UJJLWgDC2PAxLsmpJPcY7PqLC06zpgf+mX+l83HXS1bSB8F9wnYBjy6LmJuX1qNiGwZHwCQ==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "entries": [
    {
      "seq": 120,
      "at": "2026-10-24T23:23:07.795Z",
      "type": "policy.sweep",
      "subject": "rightshold-production",
      "payload": {
        "break_even_lock_open": false,
        "cohort_stage": 1,
        "cost_guard_state": "green",
        "cumulative": {
          "contribution_micro": -474300,
          "distributable_surplus_micro": 0,
          "founders_accrual_micro": 0,
          "gross_earned_micro": 6000,
          "ncr_micro": 6000,
          "pool_in_micro": 0
        },
        "current_month": "2026-10",
        "founders_accrual_micro": 0,
        "ledger_head": {
          "blocks": 117,
          "entries": 30
        },
        "months_counted": 1,
        "policy_version": "2026-10-23-v2",
        "pool_balance_micro": 0,
        "referral_fund": {
          "allocated_micro": 0,
          "balance_micro": 0,
          "liability_outstanding_micro": 0,
          "paid_micro": 0
        },
        "reserves": {
          "at_target": false,
          "operating_balance_micro": 0,
          "operating_target_micro": 2881800,
          "risk_balance_micro": 0,
          "risk_target_micro": 120
        },
        "stage": 0,
        "stage_name": "Free Proof",
        "sweep_key": "4b298aa628a49f93155de38a809c2e1af6f769827f25ea8f1cd12c89762a625c"
      },
      "payload_hash": "55376bf0969fa01ac7580292351dc771d0964559336e32ae42405f28cf62788c",
      "leaf_hash": "a70344690a15cc778a7a20416e5ff9fcdd7ece6a8cd17e8661347214b874fa52",
      "block_height": 117,
      "texts": {},
      "data": {
        "break_even_lock_open": false,
        "cohort_stage": 1,
        "cost_guard_state": "green",
        "cumulative": {
          "contribution_micro": -474300,
          "distributable_surplus_micro": 0,
          "founders_accrual_micro": 0,
          "gross_earned_micro": 6000,
          "ncr_micro": 6000,
          "pool_in_micro": 0
        },
        "current_month": "2026-10",
        "founders_accrual_micro": 0,
        "ledger_head": {
          "blocks": 117,
          "entries": 30
        },
        "months_counted": 1,
        "policy_version": "2026-10-23-v2",
        "pool_balance_micro": 0,
        "referral_fund": {
          "allocated_micro": 0,
          "balance_micro": 0,
          "liability_outstanding_micro": 0,
          "paid_micro": 0
        },
        "reserves": {
          "at_target": false,
          "operating_balance_micro": 0,
          "operating_target_micro": 2881800,
          "risk_balance_micro": 0,
          "risk_target_micro": 120
        },
        "stage": 0,
        "stage_name": "Free Proof",
        "sweep_key": "4b298aa628a49f93155de38a809c2e1af6f769827f25ea8f1cd12c89762a625c"
      }
    }
  ],
  "finality": {
    "state": "bitcoin-anchored",
    "final": false,
    "witnesses": 0,
    "required": 2,
    "finalized_through": null,
    "bitcoin": {
      "anchored": true,
      "block_height": 972990,
      "confirmed_through": 194
    },
    "states": [
      "recorded",
      "sealed",
      "bitcoin-anchored",
      "witness-quorum",
      "final"
    ],
    "rule": "States climb recorded -> sealed -> bitcoin-anchored -> witness-quorum -> final. A block is final only once its hash is confirmed in Bitcoin AND 2 witnesses on distinct registrable domains with distinct keys have cosigned it or any later block; each header commits to every earlier block."
  }
}