Just a suggestion from a Member... | Bitcointalksearch.org

bitmover

legendary

Activity: 2352

Merit: 6089

bitcoindata.science

Quote from: vphasitha01 on August 06, 2018, 10:59:57 AM

Why Bitcoin network specially choosen the 10 minute period for allowing the decentralized network to validate a transaction through consensus process?
Why Bitcoin address always starts with 1 and 3?

If the blocktime is shorter than 10 minutes, there might be a lot of involuntary forks (when two pools find the nonce that solves pow at the same time and there are two valid chains)

Bitcoin addresses that start with 1 are legacy addresses.
Start with 3 are segwit addresses which are compatible with legacy.

There are also bch addresses, that are not compatible with non segwit.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

Quote from: vphasitha01 on August 06, 2018, 10:59:57 AM

<...>

Well, you don't have to go to the ivory tower for that kind of material...
You can ask a question on technical support or technical discussion.

Also, you might want to Google Translate my post from Bahasa to learn more about the aforementioned topic.
https://bitcointalksearch.org/topic/edukasi-dari-private-key-sampai-ke-bitcoin-address-untuk-pemula-4459504

In short, address start with "1" and "3" because version number is added to HASH-160 of pubkey/script
"00" base58 encoded into "1"
"05" base58 encoded into "3"

See more:
https://en.bitcoin.it/wiki/List_of_address_prefixes

Edit:
And for 10 minutes block time, it seems only Satoshi knows the answer.. most likely just he like the number (random)
https://youtu.be/xjw5456Uqg8?t=8m55s

vit05

hero member

Activity: 672

Merit: 526

Steamtyme

legendary

Activity: 1568

Merit: 2037

Hey there,

You really have 2 posts here.

You will find the answer to why you could not reply here in the rules for Serious Discussion and Ivory Tower.

The second part doesn't belong in Meta, you could ask that in the Development & Technical Discussion

Not sure why but they do not all start with 1 or 3 anymore, some start with b. You've peaked my curiosity as I've started reading into more about the network and wallets recently for a better understanding.

Edit:
Sorry just realized you snuck a 3rd question there.

Quote from: vphasitha01 on August 06, 2018, 10:59:57 AM

Why staff can manually whitelist or put some threshold earned Merit requirement for members who wish to post "Ivory tower" board. Because there are some members whose having lots of initial (airdropped) Merits, but doesn't interested to post those boards at all.

The board requirements are there to create a spam free environment where a higher level of discussion could take place. I haven't read much on the whitelist, try searching it to find some answers.

vphasitha01

full member

Activity: 196

Merit: 174

I still didn't get the answers to my 2 questions?
So this is for a friendly bump of a member who looking for answers

vphasitha01

full member

Activity: 196

Merit: 174

When I reading ( I normally read a lot) through bitcointalk forum, I just found a valuble thread named Is it possible to understand bitcoin deeply without having an IT background? in Ivory tower board. Then I found this little gem, Mastering Bitcoin shared by bitmover and I go through the first chapter of that book. After reading the first chapter of that Mastering Bitcoin book, there were two things I still didn't got understood.

Why Bitcoin network specially choosen the 10 minute period for allowing the decentralized network to validate a transaction through consensus process?
Why Bitcoin address always starts with 1 and 3?

I tried to ask these two questions in that thread but then I noticed it's not allowed to post "member rank" too (even though board mentioned "~~full members~~ members and above only").

Another thing I would liked to shared is every new members should go and read posts in those boards at least once a day (Serious discussion and Ivory tower ). Because it will helps a lot to improve English knowledge also while gaining vast knowledge about different fields(it's not just about crypto).

Why staff can manually whitelist or put some threshold earned Merit requirement for members who wish to post "Ivory tower" board. Because there are some members whose having lots of initial (airdropped) Merits, but doesn't interested to post those boards at all.

P.S.- I don't think spammers or shitposters even thinking about posting in Ivory tower since posts are not counted and no signature campaigns there.

Topic: Just a suggestion from a Member... (Read 271 times)