Gregory Maxwell [ARCHIVE] on Nostr: 📅 Original date posted:2011-10-05 🗒️ Summary of this message: The VtxPrev ...
📅 Original date posted:2011-10-05
🗒️ Summary of this message: The VtxPrev stores 3 transactions back, but it's overkill as transactions don't need 7 blocks to maturity and respendability. It's unlikely for a transaction to become invalid after 7 confirmations.
📝 Original message:On Wed, Oct 5, 2011 at 8:31 AM, Michael Grønager <gronager at ceptacle.com> wrote:
> The vtxPrev stores 3 transactions back, but as transactions need 7 block to maturity and respendability isn't it overkill - I mean it is highly unlikely that a transaction gets invalid after 7 confirmations and
They don't need 7 blocks to maturity and respendability. The software
will attempt to use older inputs when available but if not it will use
what it has. It's also prone to respending its own outputs quickly
because it reasonably trusts that it won't doublespend its own
transactions.
And, yes, if there is a deep split then its possible that inputs might
have been spent differently in the new split. But it's not especially
likely. Retransmitting one of your own txn's parents if its dropped
but not yet impossible sounds prudent to me.
🗒️ Summary of this message: The VtxPrev stores 3 transactions back, but it's overkill as transactions don't need 7 blocks to maturity and respendability. It's unlikely for a transaction to become invalid after 7 confirmations.
📝 Original message:On Wed, Oct 5, 2011 at 8:31 AM, Michael Grønager <gronager at ceptacle.com> wrote:
> The vtxPrev stores 3 transactions back, but as transactions need 7 block to maturity and respendability isn't it overkill - I mean it is highly unlikely that a transaction gets invalid after 7 confirmations and
They don't need 7 blocks to maturity and respendability. The software
will attempt to use older inputs when available but if not it will use
what it has. It's also prone to respending its own outputs quickly
because it reasonably trusts that it won't doublespend its own
transactions.
And, yes, if there is a deep split then its possible that inputs might
have been spent differently in the new split. But it's not especially
likely. Retransmitting one of your own txn's parents if its dropped
but not yet impossible sounds prudent to me.