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The journal of all confirmed Bitcoin transactions. The blockchain consists of a linked sequence of blocks and each block contains a list of transactions.—Please use [blockchain.info] for the eponymous UK-based company.
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do transaction merkle trees have any use outside individual blocks?
for example, are the merkle-roots from each block ever used in combination for any other purposes such as blockchain validation? …
5
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What can a dishonest node do (or try to do)?
OP_CHECKMULTISIG opcode then anything in the transaction can be changed by the miner. for example, say someone creates a transaction with output script OP_1 OP_EQUAL then transmits this to a miner to include in the blockchain … other transactions which were expecting to spend from that hash will be temporarily frustrated and will have to figure out the new hash value to spend from (by following the transaction trail in the blockchain …
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What are the equations to convert between bits and difficulty?
There are 3 representations of the same thing (with varying degrees of precision) in Bitcoin:
bits - unsigned int 32-bit
target - unsigned int 256-bit
difficulty - double-precision float (64-bit)
an …