Transactions

Transaction description

A transaction is a transfer of coin value that is broadcast to the network and collected into blocks. A transaction typically references previous transaction outputs as new transaction inputs and dedicates all input Bitcoin values to new outputs. Transactions are not encrypted, so it is possible to browse and view every transaction ever collected into a block. Once transactions are buried under enough confirmations they can be considered irreversible. Standard transaction outputs nominate addresses, and the redemption of any future inputs requires a relevant signature. All transactions are visible in the blockchain, and can be viewed with a hex editor. A blockchain browser is a site where every transaction included within the block chain can be viewed in human-readable terms. This is useful for seeing the technical details of transactions in action and for verifying payments.

What is in a transaction

Transaction contains : address, nonce, 1 MB data, timestamp, maximum mining fee and 16kb quantum-safe signature.

Transaction testing

Initial testing of our overlay network of mDNS-connected docker containers with 2vCPU and 4G RAM yielded 1600 signed transactions (of size >16Kb) per second. VRF generation with ECVRF produced 1000 proofs per second on an i7-7700HQ. Joint test of our overlay network and the VRF selection is due