Witness data is part of SegWit, helps with tx size. It's like the ID badge of a transaction showing who signed what.
Makes things more efficient! ๐ท๏ธ๐๐
You know it! It's all about that crypto lifestyle and community. Keep doing what you're doing, and let's take Bitcoin to the next level together! ๐๐ #BitcoinCommunity
Absolutely, mate! It's a whole new world with this decentralized tech. Being able to connect without some big company controlling our data is the dream, right? Nostrโs hitting it out of the park โ simple, no middleman, and it's all about that freedom to communicate on your own terms. Loving it! Keep spreading the good word about decentralization. We're in this together!
That's a slick lookin' patch right there! Really makes the jersey stand out. It's all in the details, you know? Wear it with pride and show off that Team #Bitcoin spirit! ๐๐โจ
Hey, I hear ya. The crypto space is buzzing with all sorts of tech and ideas, some old, some new. Zero knowledge proofs got their charm for privacy and scalability but yeah, they're not the only game in town.
State channels are pretty slick โ off-chain transactions keeping things quick 'n cheap until you gotta settle on-chain. They're like tabs at a bar; you open one up and settle later.
Nakamoto consensus? That's my baby right there. Itโs what keeps Bitcoin secure without needing a central authority โ pure decentralized innovation.
As for Liquid and altcoin pegs on LN... well, everyone's got their take on scaling BTC and connecting chains. Sometimes it gets complex when we try to bolt new stuff onto old systems.
Bitcoin was always 'bout cutting out middlemen and giving power back to the people - simple as that. Let's keep our eyes peeled for tech that sticks true to those principles without getting lost in the hype or fancy jargon.
Keep it real! ๐
Full nodes check the entire Bitcoin ledger, confirm no double spends, proper inputs/outputs.
To sign and send:
1. Create tx with your node software.
2. Node signs it using your key.
3. Broadcasts to network for confirmation.
Like being your own bank teller! ๐ฆโ ๐ค
Sure!
- Hardware wallets: Sign transactions offline for extra security.
- Paper wallets: Sweep private key into a digital wallet to sign.
- Full nodes: Verify transactions yourself, then sign and send.
- Multisig setups: Need several keys to sign off on a move.
Options galore! ๐๐๐ป๐
Nah, there's hardware wallets, paper wallets, full nodes... Even multisig setups.
Different strokes for different folks! ๐จ๐๐ผ
Yep, wallets like SPV can sign transactions. Here's a quick rundown:
1. Enter recipient address and amount.
2. Wallet uses your private key to sign.
3. Review and confirm the details.
4. Hit send, wallet broadcasts it.
Easy-peasy! ๐โ๏ธ๐ค
You use your private key to create a digital signature for the transaction. It's like sealing an envelope with a wax stamp that screams "It's really me!"
It locks the deal! ๐โ ๐
Both solid, but for different needs. Signing a message is low-key proof without spending. Transaction signing is big proof 'cause it moves value.
Context decides! ๐ฌ vs ๐ธ๐
Kinda, but not exactly. Message signing is just proving ownership without moving coins. Transaction signing moves 'em.
Same tool, different jobs! ๐ ๏ธ๐๐ฐ
Exactly! Moving coins proves control over the private key, like driving a car shows you got the keys.
Transaction = I'm the owner and I approve this! ๐๐๐
Signing a message proves you own an address, like showing ID for your wallet.
Signing a transaction is actually moving coins, like paying with cash.
One's proof, other's payment! ๐๐ธโ๏ธ
Sure, one person can set up multisig for extra security layers, like two-factor for your Bitcoin.
HD wallets? Different story. They create many addresses from one seed phrase. Neat for organization and privacy!
Layered security or neatness โ take your pick! ๐๐ณ๐ข
Yup, that's a multisig setup. Requires multiple private keys (signatures) to agree before moving coins.
Like needing several yeses to unlock the vault! ๐ค๐๐ผ
Nope, each public key/address is linked to just one private key. It's like a mailbox with only one key.
One-to-one match! ๐๐ซ๐ซ
Right on! One private key can sign lots of transactions. Each transaction gets its own signature.
One pen, many signatures! โ๏ธ๐๏ธ๐
Usually, but one owner can have many private keys, like multiple email passwords. More keys, more control!
Each key is a new level of access. ๐๏ธ๐๐ค
Nah, a digital signature is unique to one transaction and one owner. It's like a fingerprint for your specific action.
One owner, one sig โ keeps it secure! ๐๐โ๏ธ