Questions tagged [transactions]

This tag should be used for questions related to transactions. Transactions are signed messages regarding the transfer or generation of bitcoins. They are broadcast throughout the Bitcoin network and, if accepted, integrated in the blockchain.

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How to redeem a basic Tx?

Given a raw, standard Tx (wiki): 01000000 01 26c07ece0bce7cda0ccd14d99e205f118cde27e83dd75da7b141fe487b5528fb 00000000 8b ...
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79 votes
6 answers
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How can I accept bitcoins on my website?

I have an online store and would like to begin accepting bitcoins. How can I go about doing this?
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64 votes
9 answers
35k views

How anonymous are Bitcoin transactions?

I read some sources that say Bitcoin transactions are anonymous, some that say they are semi-anonymous, and some that say they are not anonymous at all. In what ways are the transactions anonymous ...
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61 votes
6 answers
65k views

What is the Merkle root?

The Bitcoin wiki Vocabulary article explains why the Merkle root exists: Every transaction has a hash associated with it. In a block, all of the transaction hashes in the block are themselves ...
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60 votes
4 answers
36k views

Explanation of what an OP_RETURN transaction looks like

How is OP_RETURN used and why was it introduced in the first place?
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60 votes
6 answers
24k views

What is relation between scriptSig and scriptPubKey?

Scenario: A is sending 1 BTC to B. scriptSig appears in the Input Script. scriptSig = <sig> <pubKey> Here, public key is the Public Key of the sender, A. (this is the public key ...
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58 votes
6 answers
33k views

What is meant by Bitcoin dust?

I've seen the term "dust" used to describe small transactions that might be considered as spam by the Bitcoin network. Is there is a generally accepted definition of this term?
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58 votes
2 answers
45k views

What are bitcoin "confirmations"?

When I receive bitcoins I see a certain number of "confirmations" in the client. What do these mean? Why do most sites make me wait for 6 "confirmations" before a purchase will go through?
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51 votes
3 answers
12k views

How does change work in a bitcoin transaction?

It seems that when you send a bitcoin transaction, all the coins in the sending address are spent in that transaction, divided into the amount that you intended to send, and "change", which goes back ...
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49 votes
7 answers
12k views

Is there any way to track an individual bitcoin (or satoshi)?

For example, if I wanted to "collect" important bitcoins is there any way to track a coin rather than a series of transactions? If I wanted one of the bitcoins from the infamous "Bitcoin pizza" ...
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48 votes
4 answers
39k views

What are multi-signature transactions?

What are multi-signature transactions, and why might they be used? Also see: How does one make multisignature transactions with the bitcoin client? How can I create a multi signature 2-of-3 ...
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45 votes
4 answers
76k views

How do I see the IP address of a bitcoin transaction?

How do I see the IP address that someone used to send or receive bitcoins with? Is it stored in the blockchain?
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45 votes
3 answers
16k views

Why does Bitcoin send the "change" to a different address?

For example I have an address (A) with 20 BTC and send 9 BTC to address (B). Bitcoin will create a "change" portion of the transaction where the remaining 11 BTC goes to address (C). Why not send ...
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45 votes
2 answers
8k views

What is the coin selection algorithm?

When creating a transaction in the standard client, what is the algorithm used to determine which unspent outputs will be used as inputs? Has this changed since the first version? What different ...
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43 votes
5 answers
8k views

How is Bitcoin supposed to serve as currency when it is all but impossible to spend at the moment (12/2017)? [closed]

It seems Bitcoin is not standing up to the test of use as currency (that is to say heavy use). I tried to pay someone 0.009BTC (about $150) for some goods which I need in a fairly timely manner. As if ...
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42 votes
7 answers
38k views

What happens if I mistype the address when making a payment?

I sent bitcoins to an address, but I think I made a typo when I copied it. Where did these bitcoins go. Can I get them back?
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42 votes
1 answer
14k views

How are transaction hashes calculated?

I'm trying to calculate the hash of transactions in bitcoin blocks, but I'm not getting the right answers. For example, the genesis block has a single transaction. Here's how I'm attempting to ...
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40 votes
3 answers
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Who gets Bitcoin transaction fees?

Whenever I send bitcoins from one wallet or one exchange to the next there is always a fee. This makes sense with the exchange sites, they are just collecting the fee so they can make a living. What ...
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40 votes
2 answers
35k views

Do unconfirmed transactions expire?

Do they just sit there unconfirmed (e.g. when you be evil and don't pay a tx fee) forever? Or do they get deleted after a few days?
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40 votes
5 answers
2k views

How do I accept bitcoin payments at a real world store?

From what I understand, there are some requirements for using bitcoins at a physical store: Both the store owner and the client must have Internet access The client must have a cellphone or a laptop ...
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37 votes
2 answers
17k views

What is a Finney attack?

What is a Finney attack? Extra points for explaining its purpose, the prerequisites for it to be possible, how the attack can be performed and the origin of the name "Finney attack".
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37 votes
10 answers
29k views

How is it possible to launder bitcoins?

Some services, such as bitcoinlaundry.com, claim that they can launder your bitcoins. Since all bitcoin transactions are publicly logged, how is this done? Wouldn't it be possible to trace back the ...
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35 votes
2 answers
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What is TxIn's sequence?

I'm currently trying to generate the genesis block with my code and I've stumbled upon the TxIn sequence field that is not explained in the Protocol Specification wiki page, nor does it seem to appear ...
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34 votes
5 answers
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How are transactions broadcast to the rest of the network?

If a person sends a transaction to another person, and Bitcoin is a peer-to-peer application, how will the transaction get to the rest of the Bitcoin community? How does everyone have the same ...
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31 votes
5 answers
13k views

In getrawtransaction, what is the vout integer in the vin list?

I'm working on trawling the bitcoin transactions coming in via getrawtransaction. I haven't been able to find the neccessary documentation to describe the vout integer in the vin array: {"txid"=>"...
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31 votes
2 answers
29k views

Why are there two transaction outputs when sending to one address?

I did a small transaction some days ago: https://www.blockchain.com/btc/tx/4c07a07dfd9d5b79d168ec6835df876c64e82350a8f9211bf586d858a5aeb9ba Some info: 1JFWE8THcAQQRYx99c43DXSGyoPL9Zs62D is my ...
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30 votes
2 answers
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Redeeming a raw transaction step by step example required

I am looking, specifically, for a step by step example transaction of sending Bitcoin which uses an actual transaction (How To Redeem A Basic Txn, from a few years back, does a great job of outlining ...
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30 votes
5 answers
4k views

What would happen if a portion of the Bitcoin network was separated from the rest of the network?

Yesterday I asked a question over at SuperUser, so that I could have my facts straight before asking this question. The scenario sets the basis for this question. Regarding bitcoin, what would ...
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29 votes
3 answers
53k views

What's the minimum transaction with bitcoin?

What's the minimum transaction with bitcoin - local wallet to local wallet. Can I send for example $20 in bitcoins to another person?
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29 votes
5 answers
6k views

Has there ever been a successful double spend attack on the Bitcoin network? If not, is it really necessary to wait for confirmations?

There is a lot of concern about waiting for confirmations to avoid a double spend attack, but has there ever actually been a double spend attack? It seems to be that there are two types of double ...
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28 votes
2 answers
9k views

Is there some way to merge two wallets or to import/export addresses?

I've got one wallet.dat from my laptop and another on my desktop, each containing various (different) receiving addresses that I use pretty often. I'd like to merge them into a single wallet.dat so I ...
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27 votes
2 answers
8k views

How many Bitcoin addresses are/have been carrying a balance?

Bitcoin addresses can be generated at will, and the theoretical limit to their number is high. Addresses are constantly being generated to receive funds or balance transactions, but they are also ...
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26 votes
4 answers
38k views

What is a double spend?

What is a double spend? As someone who uses Bitcoin, what do I need to know about how the Bitcoin system prevents double spends? Are there still circumstances where they can occur?
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26 votes
3 answers
31k views

Is it possible to send bitcoins without paying a fee?

I am using the 0.4.0 release. Is it possible to send bitcoins without paying a fee? Who gets the fee ? Is it only miners discovering new blocks?
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26 votes
5 answers
9k views

how to monitor +20,000 addresses for new received transactions?

I have around 20000 generated addresses which I want to monitor for new transactions. More addresses should probably come. Customers should use every address only once but I would like to monitor ...
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25 votes
2 answers
4k views

In order to reduce fees, can I 'consolidate' my wallet by sending the entire balance to a new address in the same wallet?

My balance is currently made up of lots of small amounts I know I'm not going to be using my bitcoin wallet for a while, so I don't care if the consolidation transaction is slow. Would creating this ...
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25 votes
2 answers
4k views

Useful alternative Bitcoin transaction scripts

The Bitcoin wiki describes a transaction's script as something that describes "how the next person wanting to spend the Bitcoins being transferred can gain access to them". The script for "a typical ...
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23 votes
7 answers
12k views

Why does my wallet need to download the whole transaction history?

I started a wallet, and it is downloading and synchronizing lots of transactions. This takes time and network bandwidth. Why is this necessary? Is this some form of accountability? With Paypal, ...
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23 votes
9 answers
3k views

Can I send bitcoins with my mobile phone?

Is it possible to send and receive bitcoins with a mobile phone? If so, are there bitcoin clients for Android or iOS?
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23 votes
1 answer
4k views

What is Transaction Malleability?

The Bitcoin exchange MtGox has stated in this press release that "transaction malleability" caused them to stop sending bitcoins. A recent question asked if it really is an issue. But what is ...
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23 votes
3 answers
3k views

What happens when someone sends bitcoin to my wallet?

I didn't get it. Should my wallet be online? What if it becomes corrupted before I make a backup? Can I use my backup wallet that was backed up few days ago?
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23 votes
2 answers
5k views

What are the pros and cons of Ripple's consensus as compared with Bitcoin's proof-of-work?

One of the major differences between Bitcoin and Ripple is how they process transactions. I can think of three ways in which Ripple's "consensus" scheme is superior to Bitcoin's proof-of-work: Less ...
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22 votes
1 answer
17k views

Get non-wallet transactions using bitcoin rpc (gettransaction)

I am playing around with Bitcoin-qt. I want to iterate all blocks and all their transactions. So far I've been able to get a list of all tx's in the blocks I want to. Now I want to get information ...
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22 votes
2 answers
2k views

What percentage of Bitcoin transactions never complete?

Occasionally transactions will be broadcast to the network that will show in a 0/unconfirmed status in the Bitcoin client. It is also the case that from time to time for various reasons those ...
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21 votes
4 answers
15k views

How can I create a multi signature 2-of-3 transaction?

Can somebody help me with step-by-step list of how to create a multi signature 2-of-3 transaction?
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21 votes
4 answers
101k views

How do I send Bitcoin in paper wallet to other person?

I'm new to bitcoin. Can you tell me step by step how do I send Bitcoin in paper wallet to other person. Thank you!
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21 votes
1 answer
3k views

What does the Bitcoin client do when it receives conflicting transactions?

I've been assuming that the second transaction will simply be discarded as invalid, while the first waits at 0/unconfirmed until it actually gets into a block (requiring a "-rescan" or similar if the ...
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  • 14.4k
21 votes
1 answer
584 views

Have any SPV users lost money because they accepted forged bitcoins?

I'm making a list of real-life examples of occasions where bitcoins were lost to various known attacks. One of these known attacks is that lightweight (SPV) wallets can't verify whether a transaction ...
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20 votes
6 answers
3k views

How can I send Bitcoins via SMS?

I am considering working on giving Africans access to trade using Bitcoins. In many ways, parts of Africa is more developed when it comes to mobile payments than the west. The success of M-PESA ...
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  • 3,434
19 votes
2 answers
13k views

What is the maximum size of a transaction?

I see from the source code (script.cpp) that there is an upper limit in the script size. It there any other limit to avoid a single transaction preventing other transactions of smaller sizes to get ...
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