Bitcoin Forum
December 13, 2024, 08:56:03 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: How is same signed transaction not reusable, also quantum security of ECDSA?  (Read 6580 times)
Razick
Legendary
*
Offline Offline

Activity: 1330
Merit: 1003


View Profile
August 21, 2014, 02:15:53 AM
 #21

If you have 2 inputs: 1 BTC on input A and 1 BTC on input B and you send 1.5 BTC total to a third party, the extra 0.5 BTC doesn't remain on your original inputs, which are considered spent, it becomes a new input to an address you own. This new input is known as change.

So inputs A & B are no longer yours, the blockchain considers them spent and they can never be reused. The only way for you to access the remaining balance is by creating a new transaction from the change input.

I didn't understand this until I finally read Satoshi's paper. It's pretty easy to understand the important points even if some parts are lost on you as long as you understand the basics of cryptographic signatures

ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!