Bitcoin Forum
May 13, 2024, 12:40:31 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Separated transactions from mining  (Read 426 times)
kstepyra (OP)
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
November 08, 2013, 03:28:24 AM
 #1

Hello,

I was thinking why bitcoin transactions are not separated from mining blocks?
If it's only signature thing (public/private key to show you are owner of bitcoins) then why not put them outside blocks to make them "instant" for people and leave mining as it is now?
Why "secure" transactions by mining if it is (it is?) only cryptography thing? Mining of course must be done as it is now due to "proof of work" stuff (finding proper hash), with a new "source" keypair generated for each block.

It's just an idea. I am 99% sure i am wrong, but maybe? Smiley
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
1715560831
Hero Member
*
Offline Offline

Posts: 1715560831

View Profile Personal Message (Offline)

Ignore
1715560831
Reply with quote  #2

1715560831
Report to moderator
PRab
Member
**
Offline Offline

Activity: 98
Merit: 10


View Profile
November 08, 2013, 04:04:49 AM
 #2

One of the main points of mining is to decide on a permanent record of what order transactions come in. If Alice send a coin to Bob and then sends the same coin to Charlie, the miners get to decide which of these 2 conflicting transactions will be confirmed. Without mining including transactions, we would need a way for Bob and Charlie to decide who actually received the coin, but Bob and Charlie might not be able to talk directly to each other.

Hopefully this cleared up your confusion. If not, I'm sure someone else will be along.
kstepyra (OP)
Newbie
*
Offline Offline

Activity: 52
Merit: 0


View Profile
November 08, 2013, 04:16:30 AM
 #3

Yep, got it cleared same way in other thread, however thanks for response:)
Pages: [1]
  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!