{
  "block": {
    "v": 1,
    "height": 46,
    "prev_hash": "9cc476d2de0dc0b283ed8e100b31e9cf5357d7bcc6b456b9c5efe67eeefcddca",
    "merkle_root": "7be10d927dcc4640ba1730fc48aa9c879b7833f29bde54398272462b0c23cd00",
    "first_seq": 48,
    "last_seq": 48,
    "entry_count": 1,
    "at": "2026-10-24T17:21:01.877Z",
    "key_id": "key_41eb7b6d1b11968a",
    "block_hash": "fae7bc369cf800f3ac5fcbf08fffed2bcb11c3aebd9c9176c82e19a0fd4dfd7a",
    "signature": "3GTVt6EpabH3IlT6Wj/rgI9griMDY1VyOA2KxWZxcS6n3aRa+YpHxKbMrV8ILABGnzIc1hxhbRaE3rHcgtf3Cg==",
    "public_key_pem": "-----BEGIN PUBLIC KEY-----\nMCowBQYDK2VwAyEAEYWJAvPDwdwiByA4ucuPBAV0jLWwXGgtbZqbyrLNMiM=\n-----END PUBLIC KEY-----\n"
  },
  "entries": [
    {
      "seq": 48,
      "at": "2026-10-24T17:20:31.745Z",
      "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": 46,
          "entries": 28
        },
        "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": "a90f2201d733305c220b3a9b703d7aa503dd6682c45ba97fc9728bf96331914b"
      },
      "payload_hash": "e5123fff347346c55c6f0a08d7fb712f107c587779cb32f23a0dbd8338f9e755",
      "leaf_hash": "7be10d927dcc4640ba1730fc48aa9c879b7833f29bde54398272462b0c23cd00",
      "block_height": 46,
      "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": 46,
          "entries": 28
        },
        "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": "a90f2201d733305c220b3a9b703d7aa503dd6682c45ba97fc9728bf96331914b"
      }
    }
  ],
  "finality": {
    "state": "bitcoin-anchored",
    "final": false,
    "witnesses": 0,
    "witnesses_confirmed_unaffiliated": 0,
    "witnesses_total": 0,
    "required": 2,
    "finalized_through": null,
    "bitcoin": {
      "anchored": true,
      "block_height": 972955,
      "confirmed_through": 1214
    },
    "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 confirmed-unaffiliated witnesses on distinct registrable domains with distinct keys have cosigned it or any later block; each header commits to every earlier block. Cosignatures from affiliated, unconfirmed, pending or challenged witnesses are public evidence but never count toward quorum."
  }
}