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Merkle Trees

 

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Merkle Trees

The merkle root is constructed using all the TXIDs of transactions in this block, but first the TXIDs are placed in order as required by the consensus rules:

  • The coinbase transaction’s TXID is always placed first.
  • Any input within this block can spend an output which also appears in this block (assuming the spend is otherwise valid). However, the TXID corresponding to the output must be placed at some point before the TXID corresponding to the input. This ensures that any program parsing block chain transactions linearly will encounter each output before it is used as an input.

 

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it is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English.

 

 

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Repairs

it is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for 'lorem ipsum' will uncover many web sites still in their infancy. Various versions have evolved over the years, sometimes by accident, sometimes on purpose (injected humour and the like).

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Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

Examples

 

    {
        "txid" : "263c018582731ff54dc72c7d67e858c002ae298835501d\
                  80200f05753de0edf0",
        "vout" : 0,
        "address" : "muhtvdmsnbQEPFuEmxcChX58fGvXaaUoVt",
        "scriptPubKey" : "76a9149ba386253ea698158b6d34802bb9b550\
                          f5ce36dd88ac",
        "amount" : 40.00000000,
        "confirmations" : 0,
        "spendable" : true,
        "solvable" : true
    },

The merkle root is constructed using all the TXIDs of transactions in this block, but first the TXIDs are placed in order as required by the consensus rules:

  • The coinbase transaction’s TXID is always placed first.
  • Any input within this block can spend an output which also appears in this block (assuming the spend is otherwise valid). However, the TXID corresponding to the output must be placed at some point before the TXID corresponding to the input. This ensures that any program parsing block chain transactions linearly will encounter each output before it is used as an input.
 
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