{
  "block": {
    "v": 1,
    "height": 122,
    "prev_hash": "62ec63c701a7e9aff47984249450c2d2acbb857a405d67cfdd4ff3a842a60a21",
    "merkle_root": "a181aa2ef774916b1adb190871af86121dfecc2c63126e5ea24f8f4304569e49",
    "first_seq": 125,
    "last_seq": 125,
    "entry_count": 1,
    "at": "2026-10-24T23:49:06.937Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "11c33ba0c1a04b815cf47abbdd9cfaa952f83a385d390bc8575964db872cf74c",
    "signature": "PGtL/2wOOUVilubWBIb5HtFGpAllkF9LNOebpyLWDhG7Rqc56dkOX0lNqh+VaGlbxiAEJnE2gX0RtroQ9KbbBg==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "entries": [
    {
      "seq": 125,
      "at": "2026-10-24T23:48:36.926Z",
      "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": 122,
          "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": "a718a5e0fa191611d2b0dee1e215cf5a4ae615a048d71dd0335981752b4218e7"
      },
      "payload_hash": "f9ec505dc8a6eec1dccef4d06788239b9c5ef26be543319b512b44eb386638ed",
      "leaf_hash": "a181aa2ef774916b1adb190871af86121dfecc2c63126e5ea24f8f4304569e49",
      "block_height": 122,
      "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": 122,
          "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": "a718a5e0fa191611d2b0dee1e215cf5a4ae615a048d71dd0335981752b4218e7"
      }
    }
  ],
  "finality": {
    "state": "bitcoin-anchored",
    "final": false,
    "witnesses": 0,
    "required": 2,
    "finalized_through": null,
    "bitcoin": {
      "anchored": true,
      "block_height": 972993,
      "confirmed_through": 178
    },
    "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."
  }
}