Questions tagged [transaction-verification]
Refers to the process of checking the validity of transactions.
183
questions
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Is verification of a blockchain computationally cheaper than recreating it?
One of the advantages of cryptocurrencies like Bitcoin that is often repeated is how hard it should be to manipulate past transactions. The reason that is often stated is that you would have to re-...
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1answer
37 views
How exactly do transactions work?
When I search for transaction in bitcoin I am able to find explanations which tell me that there are e.g. two persons A and B and A wants to tranfer a number of bitcoin to B. Imagine A wants to pay 2 ...
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2answers
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Bitcoin transactions validation process
I have a general understanding of building blocks. But am hoping someone can fill in the details/gaps. Also, can you correct if something is not right? Thanks.
Scenario:
Bitcoin transactions are ...
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1answer
37 views
How can I calculate/estimate how quickly a machine can verify transactions on the blockchain?
If I have some machine with particular specs in mind (processor/memory/bandwidth), how can I estimate how quickly that node can download and verify transactions? In a quick search I wasn't able to ...
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1answer
348 views
If I set assumevalid=0 after syncing the blockchain will Bitcoin Core go back and validate historical blocks?
I originally synced my node using the Bitcoin Core default assumevalid value. If I set assumevalid=0 in bitcoin.conf and restart my node, will my node go back and validate historical blocks?
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1answer
49 views
Following SegWit implementation, is BIP-146 signalling and implementation still on the docket?
Is BIP 146, which defines using the low S value, still on the docket to be signalled and implemented given that SegWit fixed the txid malleability issue by moving the witness outside the transaction? ...
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1answer
96 views
Besides transaction validation, are there any other uses of the Script language in Bitcoin
Script's stack operations are used to validate signatures and scripts of transaction inputs and outputs. Is Script also used to validate block, network, or any other data?
Seem like there are a lot ...
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2answers
66 views
Checking if a receiver has enough coins
How do miners verify the blockchain transaction history to check if the sender has enough money if the address can be changed at any time?
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1answer
33 views
How miner makes sure that a transaction he picked up from mempool is actually valid? [duplicate]
I have read and searched enough about the roles and responsibilities of miners here;
For example:
Does the miner first validate transaction before doing POW or he does not validate at all ?
Does a ...
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1answer
106 views
Why are only specific transaction types accepted into the mempool?
In the Bitcoin Mainnet, only specific transaction types are accepted:
Bitcoin uses a scripting language to specify (and satisfy) the encumbrances, thereby allowing a whole host of transaction types....
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0answers
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Message: “this payment has not yet been transmitted”
My smartphone wallet samsung android with application bitcoin core version wallet 7.04 does not get paid.
Message: "this payment has not yet been transmitted".
from March 18 at 18:56 (NYC)
I have ...
2
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1answer
184 views
Where is sum(vin) > sum(vout) check in Bitcoin Core?
I'm searching the function that validates a transaction according to Protocol rules - "tx" messages especially step 14 sum(vin) > sum(vout).
I found this interesting function CheckTransaction(...
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1answer
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Are transactions with the same ScriptSig a security problem?
For instance while looking at the transaction stack of my address, tracing it to exchanges I use, I came across this:
https://www.blockchain.com/btc/tx/...
0
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1answer
143 views
Indexing of transactions in the blockchain
Say we have transaction T(1) from many years ago, at block height 125001; then a new transaction T(2), consuming all the outputs from T(1), comes up around block height 568720 (that's Today). There's ...
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2answers
50 views
Bitcoin checks and balances
When a new block is created, does each block need to be validated?
How does it differ from validating transactions?
Why miners would waste time validating transactions and blocks when they could ...
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1answer
81 views
How to generate the digest from a raw bitcoin transaction for verifying signature of specific input?
I'm writing a stand alone process that needs to verify that a known UTXO is part of a new transaction with a valid signature.
Inputs [ UTXO, raw transaction, input_number ]
How do to I verify the ...
2
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1answer
47 views
How can block time and block size be fixed when transaction volume is constantly increasing?
As I understand it the network rejects blocks over 1MB, and block hash difficulty is set after each block is created as to keep the block time close to 10min.
But if people are constantly joining ...
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0answers
30 views
How does transaction authentication between buyer and seller look for?
I am new to cryptography and would like to understand how a digital signature works between a buyer and a Bitcoin seller.
How does transaction authentication between buyer and seller look for?
Please ...
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1answer
47 views
On blockchain scalability bottleneck
It is often said that the major bottleneck of blockchain scalability is that every (honest) node has to process every (valid) transactions. But the progress of a blockchain is how fast it reaches ...
0
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1answer
48 views
Validate 3rd party transactions on Bitcoin-qt debug window
Is there a way to validate a random transaction via transaction ID on the debug window? Imagine I want to validate a transaction between 2 wallets I don't control.
I believe its possible to check if ...
0
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2answers
87 views
P2SH secure spending. How?
Maybe my question is stupid, but
imagine that I'm trying to spend inputs from p2sh.
For example, p2sh scriptPubKey looks like:
OP_SHA256 ...
0
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1answer
163 views
Why are the inputs of Bitcoin transactions signed?
This is my understanding of what a transaction looks like:
inputs:
input0:
txid: <funding tx0 TXID>
outputID: <output ID of UTXO in the funding tx0>
scriptSig: <...
4
votes
2answers
99 views
How are blocks verified?
I see in the bitcoin wiki there is something called "script" which compiles down to some bytecode to be run by a very very basic virtual machine.
Does this mean that each block is actually just a ...
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1answer
40 views
Is it posible to create a transaction output that can either be reddemed by privK of Addr A or by privK of Addr B AFTER certain blockheight?
I am thinking about how to secure your Bitcoin savings.
One idea I had was to create sort of a "backup" address B for an address A which stores the bitcoins. So what I want to achieve is that you ...
0
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1answer
35 views
When do scripts executed?
Can anyone explain when does a script executed exactly? There are several information about "how scripts are executed" but no information about "when".
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3answers
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Bitcoin transaction fee calculator
I'm new to bitcoin. Is there a website where I can type amount of BTC I want to send and type of transaction - Urgent, Normal, Economic and they give me the price in USD how much the transaction fee ...
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2answers
246 views
How does blockchain technology handle the actual transaction data?
My understanding of how a transaction is secured in blockchain, especially in bitcoin, is that the output of transaction data is locked to the recipient's address (a shorter version of his public key)....
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1answer
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May it be a risk to use the origin as the change address?
Follow scenario: The balance of my origin address is 1 BTC. I'm transfering 0.1 BTC to a shop where I'm buying some goods, my wallet returns the change to my origin address. Now my origin address has ...
0
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1answer
192 views
How do you get Sibling Hashed Values in a Merkle Proof?
Merkle Proofs are one of the main reasons that people attribute Bitcoin's use of Merkle Trees. But I'm struggling to understand how these work in practice. Please explain theoretically as well as ...
0
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3answers
65 views
Reject or refuse to relay a valid transaction
Under the Bitcoin protocol, how much control does a node have on how a transaction is dealt with once received? Can a node reject a valid transaction? Can a node refuse to relay a valid transaction to ...
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3answers
361 views
When a node receives a transaction, what steps does it do to verify that transaction?
I know that it verifies the block hash by calculating each hash of the contiguous blocks in order, but does it verify the balance of each wallet sending the transactions as well? And does it do the ...
0
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1answer
74 views
How miners validate each transaction?
There is a locking to each transaction? and sender also attach his digital signature to that transaction?
When this transaction comes to miners then how they validate this transaction is valid.
...
1
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2answers
158 views
how do miners verify transaction without identifying sender and receiver?
I mean in satoshi paper we read sender and receiver have limited anonymity.
By keeping public keys anonymous. The public can see that someone is sending an amount to someone else, but without ...
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1answer
51 views
What is the correct use of the term “validating”?
First, in the Bitcoin context what does validating mean?
Second, is it incorrect to say something like
" the average time it takes to validate a block by the network is 10 minutes."
The way, I ...
0
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1answer
553 views
How to verify if it's Segwit Transaction or not?
Segwit Usage chart example : https://p2sh.info/dashboard/db/segwit-usage?orgId=1
I Would like to verify by checking tx if it's Segwit Transaction or not.
Is there any simple method to do this?
...
9
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1answer
1k views
Schnorr vs ECDSA
I understand that Schnorr signatures provide an improvement on ECDSA in that they are a fixed 64 bytes instead of the longer ECDSA sig format, however, I don't see how this is an advantage over ECDSA ...
2
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1answer
60 views
Transaction vaildation
I have understood that miners validate the transactions by checking for double spends and that the transaction was not already confirmed, what I don't understand is how the miners are able to do this ...
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1answer
79 views
Can corrupted unspent transaction outputs list leading to higher than expected fee be seen as an actual threat?
Let's imagine, an attacker managed to corrupt your local list of unspent transaction outputs (or a blockhain explorer you use) in a way that certain unspent transaction outputs seem to hold less coins ...
0
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1answer
679 views
Is a miner running a full node?
Is a miner just running a full node that is connected with the mining hardware? Or is there such thing as a miner node? Does it use additional software for transaction selection?
Thanks in advance!
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2answers
270 views
P2SH signature verification in python
I am trying to understand and verify P2SH script by writing a python code to parse real transaction in blockchain. I have chosen below Transaction randomly.
TxID: ...
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2answers
157 views
Is the UTXO set size important for non-mining full nodes?
Recently, I have seen a lot of development effort going into techniques for different ways of storing, pruning UTXO/TXOs. The main motivation cited is reducing block orphaning, which is mining-...
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1answer
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Satoshi Nakamoto's Transaction Chain Diagram Hash Value
In Satoshi Nakamoto's diagram:
The line coming from transaction block 1 and going the the "Hash" label in transaction block 2 appears to represent the hash of the entire transaction block (Owner 1's ...
1
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1answer
101 views
Merkle Tree computations
Assume I am running a mini-blockchain that is I only have blocks' headers but no transactions. I wish to verify a transaction of a third party. For that I need the transaction's path to the Merkle ...
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2answers
174 views
Merkle root Vs transaction hashes
It is not clear to me, why not we can simply store transaction hashes in a block header instead of storing the Merkle root. I understand that storing transactions' hashes will slightly increase size ...
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2answers
44 views
Why can't Bitcoin transactions be stopped like SWIFT transfers?
As I know, most BTC hacking happens at digital wallet (but in blocks). I believe the hacker use normal BTC transaction to transfer those stolen BTC to other block addresses. Why can't we stop the ...
2
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1answer
66 views
Why this transaction is valid?
The before transaction is @ https://www.blocktrail.com/tBTC/tx/da58f6688b0727a7f1bf3eec899099bde1f18b9c7099f9d2c79556db238e623d
Its output script is "OP_HASH160 ...
2
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1answer
41 views
Bitcoin core verification keeps reseting
I'm trying to run Bitcoin Core service with full node verification on Ubuntu on testnet and it keeps resetting. The verification increases to 0.3, then resets to 0, for 2 days already. Debug.log ...
0
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1answer
58 views
What exactly is a bitcoin?
So I understand how blockchains work[1]. I understand how proof-of-work works[2]. And I understand how they work together. I also understand (or at least I think I do :) how transactions work (A block ...
2
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2answers
651 views
Difference between transaction chain vs blockchain
What are the difference between transaction chain in bitcoin and blockchain used in bitcoin?
Is it sufficient to say to each transaction refers to previous transactions in the transaction chain and ...
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1answer
292 views
Does every miner verify blocks that are already in the Blockchain [duplicate]
Once a miner adds a block to the chain, does every other miner have to check that block to make sure that its transactions don't violate any rules? For instance, if a miner added a block with an ...
