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Results tagged with transaction-verification
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user 105201
The process in which every Bitcoin node checks every part of every Bitcoin transaction worldwide for conformance to standard rules and uses the complete history of all previous Bitcoin transactions to check that money being spent in a transaction has not previously been spent in any earlier transaction since the beginning of Bitcoin.
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What's the blocksize limit after segwit and how do legacy nodes deal with segwit transactions?
Normally, I heard that the bitcoin blocksize is 1MB, but with the Segwit update the blocksize can be up to 4MB, so we should say that the blocksize is 4MB, right? Moreover legacy nodes only receive th …
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