Revalin
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September 11, 2012, 08:38:06 AM |
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Waiting for confirmations isn't a network requirement. It's just a trust issue.
You can automatically trust your own change. You're not going to double-spend attack yourself, so there's no need to wait.
The "change" has no technical difference from the "payment". It's just two outputs. For example, consider these two transactions:
Address A has 1 BTC You pay 0.75 BTC to B You receive 0.25 BTC change to C
Address A has 1 BTC You pay 0.75 BTC to B and 0.25 BTC to C There is no change left over
The only difference is in the first, address C was automatically generated by your client; in the second, you entered it manually. From a network and blockchain perspective these two transactions are identical, bit for bit.
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