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Ethereum Funds: Simple explanation
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Like any cryptocurrency enthusiast, understanding how to work with Ethereum transactions is crucial to developing smart contracts and building decentralized applications. One of the main concepts in Ethereum is
Fundrawransaction .
In this article, we will destroy what Fundratransction is and provide an alternative way to achieve such results using bitcoin-cli.
What is FundTransction?
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FundTransction is a raw transaction in Ethereum that allows the nodes to check the validity of transactions without accessing the basic data. This is essentially
a hash of Proof of-Work (POW) of the entire transaction, which includes all entrances and outputs.
When you execute the Fundrawransction command in Etherum using your local node, it generates a raw transaction that can be checked by nodes on the network. However, this process is not as effective or reliable as the use of the full
Scriphash (also known as the
Scriptsig
) of the transaction.
Using Scriphash
----------------
If you want to check the transactions without accessing their basic data, you will need to use thebitcoin-cli's Listunspent ‘command with a specific flag. Here’s an example:
`Bash
Bitcoin-Cli Listunspent [Misconf = 1] [max_number_confirmation = 999999999]
In this command:
*[Miscon = 1]: This flag allows
Scriphash mode , which allows the nodes to check transactions without accessing their basic data.
[max_number_confirmation = 99999999]: This flag sets the maximum number of verification confirmations. In Ethereum 2.0, this value is firmly encoded up to 100,000. However, in larger versions (such as Ethereum 1.X), you can set it manually.
The execution of Listunspent with these flags will display
script
, which contains all the information necessary to check transactions without accessing their basic data.
Alternative: Using Scriptsig
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As mentioned earlier, it is not recommended to use the full
script of the transaction. Here’s an example:
`Bash
Bitcoin -Cli Fundrawransaction -f
In this command:
: This flag indicates the data on the raw transactions to be used.
Using Scriptsig 'without flags can lead to security vulnerabilities and difficulty checking transactions. However, if you still want to use it, please keep these potential risks.
Conclusion
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Understanding how to work with Ethereum Fundrawransactions is essential for the construction of decentralized applications and intelligent contracts. While using Scriptsig provides greater flexibility, it is not recommended due to security concerns. Using theListunspent ‘command with a flag [Misconf = 1]`, you can check transactions without accessing their basic data.
Remember that always be cautious when working with Ethereum nodes and consider consulting an experienced development or community expert for additional guidance.