Nothing is lost by having 'standard' output types - P2SH (and soon, segregated witness) is standard, letting you fund arbitrary smart contracts.
(The idea behind standardness is to dissuade bulky output scripts since anyone with the utxo set would store a copy until it's spent. script-hashes are smaller).
Topic: Bitcoin intrinsic value equals Bitcoin's Scripting Language ? (Read 842 times)
Well, it makes sense ^^ I've notice that some instructions was disable and I asked myself why, now I have the answer, security purpose ^^
But does that imply that we can play with every other instructions and assume It will be verify and accepted by a miner (with the appropriate fee ofc) ?
But does that imply that we can play with every other instructions and assume It will be verify and accepted by a miner (with the appropriate fee ofc) ?
Not exactly security purpose.You can still create the custom transactions using say Python but it is less convenient for the miners.Using of short bitcoins addresses will probably a good alternative as described in P2SH workflow. You can call it as an established Standard accepted by all the miners to communicate with the protocols.
There are many script instructions that are simply math or stack manipulation that were written for versatility or future use. To eliminate potential bugs and undefined states, some non-money transfer instructions as originally implemented by Satoshi have been disabled. Transactions including them would be invalid, and modified or non-Satoshi clients including them in a block would result in an invalid "fork" block, ignored by the rest of the network.
You can see which instructions are disabled: https://en.bitcoin.it/wiki/Script#Splice
Well, it makes sense ^^ I've notice that some instructions was disable and I asked myself why, now I have the answer, security purpose ^^You can see which instructions are disabled: https://en.bitcoin.it/wiki/Script#Splice
But does that imply that we can play with every other instructions and assume It will be verify and accepted by a miner (with the appropriate fee ofc) ?
There are many script instructions that are simply math or stack manipulation that were written for versatility or future use. To eliminate potential bugs and undefined states, some non-money transfer instructions as originally implemented by Satoshi have been disabled. Transactions including them would be invalid, and modified or non-Satoshi clients including them in a block would result in an invalid "fork" block, ignored by the rest of the network.
You can see which instructions are disabled: https://en.bitcoin.it/wiki/Script#Splice
You can see which instructions are disabled: https://en.bitcoin.it/wiki/Script#Splice
Hello people,
I just started today to get into bitcoin "core system", specially about the "Script" language which permit to insure that transaction are valide.
By this well made video : https://www.youtube.com/watch?v=4qz7XehSBCc
The man explain that :
Which makes me wondering :
I just started today to get into bitcoin "core system", specially about the "Script" language which permit to insure that transaction are valide.
By this well made video : https://www.youtube.com/watch?v=4qz7XehSBCc
The man explain that :
- there is 5 standard script
- standard script are the one accepted mostly by miners
- Others custum homemade script are likely to never be accepted on a block
Which makes me wondering :
- If transaction script equals "smart contract" and miners don't accept "custom script", Bitcoin intrinsic value is kinda limitated right ?
- How can we know which miners or pool-mining accept custom script ?
- Is there a statistique about the acceptance of a custom script ? How calcul that !?
- Why miners don't accept non standard script !?
Jump to: