Bitcoin transaction structure provides the capability of sending multiple outputs to different addresses in only one transaction. This feature can help to decrease the transaction fee by encapsulating multiple sends in only one transaction. But in Ethereum it’s not as simple as Bitcoin to send different payments to different addresses in only one transaction.
Account Types in Ethereum
In Ethereum there are two types of accounts, externally owned accounts, and internally owned accounts.
Externally owned accounts: These types of accounts are controlled by a private key that is owned by a user (like you) and can create and sign a transaction and then broadcast…
Bitcoin Script Language
Bitcoin scripting language called Script is a stack-based (stack: first in, last out) execution language. It is designed to simplifying the security model of Bitcoin, so the Script has not any loop or jump op-code, and the language is not turing-complete. But this limited language provides a lot of capabilities to Bitcoin to write programs. You can find detailed information about Bitcoin script language in this link .
Pay to Script Hash (P2SH)
Pay to script hash (P2SH) transactions were standardized in BIP16. That update allows transactions to be sent to a redeem hash (addresses starting with 3 in main-net and 2 in test-net) rather…
This tutorial explains how to create a raw Bitcoin transaction with Go, using btcsuite library, and then push it to the testnet, or main net.
Following concepts will be covered by the tutorial:
- UTXO
- Public, Private key pair
- Transaction Structure
- Create Transaction
- Sign Transaction
- Push to network
- Fee and some other concepts
UTXO
Unspent Output Transaction (UTXO) is referred to an output of a transaction that is not spent yet. The balance of and account is the sum of the amounts of its UTXOs. For example, you can search “3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r” in blockcypher and then click on “Advanced Details”, “unpent outputs” to…
