How is merkle tree and merkle root calculated?
How to calculate a merkle tree? What is “merkle proof” and how does it fit into the SPV? How does one validate a merkle proof? And how all that affects Bitcoin?
I noticed that even with
getrawtransaction RPC call still returns transactions. I assume that without the full index it will still return transactions that node software needs for other reasons (wallet transactions, UTXOs, …). But what are those cases? Which types of transactions are available even without the full transaction index? And what happens if I request a transaction that is not available?
what exactly is this? Does this mean every TX gets hashed twice? How does it help to filter the content from the block chain (As Dr. Wright said)? Why cant i hash it just once and save the hash of the TX and prune the data (illegal)? Isnt the content now filtered with just a single hash? or am i getting it wrong?
I have been asked this question a number of times and haven’t found an adequate answer.
Of all the exchanges mentioned in Discord, Telegram, Slack and Twitter, none seems to stand out as the obvious choice. All seems to have had their good share of shenanigans, on way or another. Either by delisting, which is an obvious no go, or more dangerous business models like hyperleveraging, crypto loans and worse.
I heard a lot of discussions mentioning IP2IP at the recent CoinGeek conference in Seoul. I really like the idea of users exchanging transactions peer-to-peer, but I am wondering how IP2IP works on a technical level?
Does it require a daemon/service running on the recipient’s computer that listens for incoming transactions or is there some other approach?
So then, what if I add data in OP_RETURN, say, the text “Hello, world!” Isn’t that a transaction output, or at least contained in an output, and therefore part of a transaction?
If not, or if so and only transaction hashes, not transactions themselves persist, then how does the OP_RETURN data stay on the blockchain?