{
  "entry": {
    "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"
    }
  },
  "status": "sealed",
  "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"
  },
  "proof": {
    "leaf_hash": "a70344690a15cc778a7a20416e5ff9fcdd7ece6a8cd17e8661347214b874fa52",
    "index": 0,
    "path": [],
    "merkle_root": "a70344690a15cc778a7a20416e5ff9fcdd7ece6a8cd17e8661347214b874fa52",
    "how_to_verify": "payload_hash = sha256(canonical(payload)); leaf = sha256('leaf:' + canonical({seq, at, type, subject, payload_hash})); fold the path (R: sha256('node:' + acc + hash), L: sha256('node:' + hash + acc)) to merkle_root; verify the Ed25519 signature over canonical(block header)."
  },
  "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."
  }
}