{
  "block": {
    "v": 1,
    "height": 123,
    "prev_hash": "11c33ba0c1a04b815cf47abbdd9cfaa952f83a385d390bc8575964db872cf74c",
    "merkle_root": "78f0dacb0c92079a8eeecd108ed1dac6f422c6af4d978d919c7b699cb924f0ef",
    "first_seq": 126,
    "last_seq": 126,
    "entry_count": 1,
    "at": "2026-10-24T23:54:06.967Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "5458aaa69428cee27ad363babc2d017c9591c35bb78a718bed4a2431597992a4",
    "signature": "ltIlb9IHGxawS12TvitM2YPRnXZt0rYHJ5MiK1fUqFa/pijfQYILiwidq/jjjjXSf4BU5R1jNnbdRTdOwEe2Aw==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "entries": [
    {
      "seq": 126,
      "at": "2026-10-24T23:53:36.929Z",
      "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": 123,
          "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": "78ee6f8069ad7404354e15516c1d8dd2d2fcd24ea789081414db07041bab0731"
      },
      "payload_hash": "2ecfaf055b851b930c6ee5860a5253d8ea3a68056e314279ff63999937434f59",
      "leaf_hash": "78f0dacb0c92079a8eeecd108ed1dac6f422c6af4d978d919c7b699cb924f0ef",
      "block_height": 123,
      "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": 123,
          "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": "78ee6f8069ad7404354e15516c1d8dd2d2fcd24ea789081414db07041bab0731"
      }
    }
  ],
  "finality": {
    "state": "bitcoin-anchored",
    "final": false,
    "witnesses": 0,
    "required": 2,
    "finalized_through": null,
    "bitcoin": {
      "anchored": true,
      "block_height": 972999,
      "confirmed_through": 179
    },
    "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."
  }
}