MultiversX Tracker is Live!

Partial UTXO set for SPV

Bitcoin Reddit

More / Bitcoin Reddit 97 Views

SPV nodes can't create transactions because they don't have the latest UTXO set But in my understanding an SPV node doesn't need the full UTXO set to be able to construct valid transactions. Let's say the current block height is 100 I have block 94 in memory and I consider transactions in this block as valid. Still I can download blocks up to the current height And build a partial UTXO set from thoses blocks. Then if I want to build a transaction using funds that I received since my node is up I can while having the latest versions of my outputs.

Either my partial version of the UTXO set is valid and I can broadcast my transaction Or then my partial UTXO set isn't valid (in case of non valid blocks with valid PoW) and then my tx is non-valid. (And I can verify the finality of my tx with SPV)

Is that a valid way to do?

submitted by /u/Marcaday_
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments