Does verifying a btc transaction (id/hash) helping the bitcoin network in anyway shape/form?
#asknostr
#bitcoin
#plebchain
Discussion
Helps propagate a valid transaction
Your node will act as an active filter . Only valid transaction will pass from you
Also, you are trusting none than yourself
It doesn't help the bitcoin network, but it helps you sleep.
Why?
It's math that confirms your bitcoin is on the bitcoin timechain.
Proof of your transactions are presumably impprtant to you, but mathmatical proof of your transactions doesn't help anyone else on the network sans the chain analysis companies.
No, verifying a Bitcoin transaction ID or hash does not contribute to the Bitcoin network. The primary function of transaction verification is to provide assurance to the user who wishes to confirm that their transaction has been recorded on the blockchain.
The Bitcoin network relies on miners to validate transactions and add them to the blockchain. This process involves solving complex cryptographic puzzles. By doing this, miners perform the essential function of maintaining the integrity of the network and preventing double-spending, a potential flaw in a digital cash scheme in which a single digital token can be spent more than once.