Understand the Bitcoin signaling network: why the costs are calculated incorrectly
As a user of the Bitcoin protocol, you probably know the process of sending and receiving transactions on the network. One aspect that can be frustrating to navigate is the costs associated with each transaction. However, have you ever stopped to think about the reason why these costs might not add up correctly? In this article, we will immerse ourselves in the world of the Bitcoin Bitcoin network and explore why the calculation of the costs may seem distant.
The Silet network: a simplified protocol
To understand the problem at hand, it is essential to familiarize yourself with the Bitcoin signaling network. The Signet network is a special variant of the Bitcoin protocol which allows more efficient and more effective transactions. By default, the Signet network uses a simpler consensus algorithm called Bitcoin Core, which is based on the work proof mechanism (POW).
In this mode, minors compete to resolve a complex mathematical puzzle, validating new blocks and ensuring the integrity of the blockchain. However, when using the Silet network, minors can also use an additional consensus mechanism called proof of capacity (POC). This allows them to “undermine” the computing power, rather than simply solving the mathematical problem.
Calculation of costs
Now that you know the Bitcoin protocol and its signaling network variant a little, let’s take a closer look at how the costs are calculated. When you send a transaction to the Bitcoin network, your costs are determined by several factors:
- Complexity of transactions : the more complex the transaction (i.e. the number of entry and exit addresses), the higher the costs.
- Bloc reward
: The block reward to resolve the mathematical puzzle determines the amount of power of calculation minors can gain mining exploitation of each block.
- Mining difficulty : The mining difficulty, which is a measure of the computing power required to resolve the mathematical puzzle, also affects transaction costs.
When you run Bitcoin-Cli listtransactions’ on your default signaling network, Bitcoin-Cli calculates the costs according to these factors. However, it seems that the cost calculation algorithm could be defective or incomplete, which has caused an incorrect expense value for the specific transaction that you examine (TXID 3923927EB3B6213BAB5D0BEE8364A87EAFE357CB4D42CE6C587F0372735C7F0).
Why the costs are calculated incorrectly
There could be several reasons for which the calculation of costs for a specific transaction is incorrect:
- Inadequate data : Bitcoin-Cli may not have access to all the necessary information to calculate the costs.
- Incorrect hypotheses : The algorithm used by “bitcoin-cli” could make assumptions on network conditions or the behavior of minors who are not accurate in this case.
Solutions and bypass solutions
To solve this problem, you can try the following:
- Use a different mining configuration : If available, go to a different mining configuration that uses proof of bet (POS) instead of POW.
- Check with several Bitcoin-Cli commands: Use several Bitcoin-Cli` commands or run them in different environments to confirm that the problem is not specific to a particular configuration.
- Contact the Bitcoin
community: Contact the Bitcoin community, including developers and users who no longer know the variant of the Signst network.
In conclusion, understanding the subtleties of the Bitcoin protocol can be complex, but with this explanation, you should now understand why the costs may seem distant when you use the default signaling network. By exploring alternative solutions and checking your results, you will be on track to make sure that your transactions are treated effectively and precisely.
Additional resources
- Bitcoin-Blockchain: A detailed explanation of the Bitcoin protocol and its underlying mechanics.
