Bitcoin: Callback from computation threads to root UTXO without trusted third party signature
Returning computing fibers to root utxo: Unlock bitcoin’s scalability potential **
Bitcoin is a decentralized and open source cryptocurrency that allows the point transactions to intermediaries such as banks or governments. However, one of the significant restrictions of the current consensus algorithm is their dependence on the reliable third parties (TTPS) in terms of validation and control. In this article, we deepen how Bitcoin’s underlying technology uses computer fibers to unlock the new level of scalability.
Computer Topics: Bitcoin Power Basis
The calculation fibers are an integral part of the algorithm of bitcoin consensus. Instead of relying on miners who validate transactions through complex encryption, the network uses computer fibers to control and validate transactions. These fibers consist of various CPU seeds that work at the same time and make calculations at a wonderful speed (up to 100 GHz).
Each computing chain receives a specific task that includes a mathematical fracture solution or calculation of the hash value for a particular input. The output of this calculation serves as a “session evidence” that confirms the validity and legitimacy of the transaction.
UTXO: Key to scalable
The UTX (non -killed transaction output) system is at the center of Bitcoin scalability. UTXOs are basically digital tickets that represent a particular output property in a transaction. When storing the code code required to run the new UTXO, the network can run transactions depending on TTPS, depending on TTPS.
It works: When a miner collects a block of non -confirmed transactions, creates a new UTXO and stores Hash together with transaction entries. The next iteration of the computing fiber creates a new UTXO, the stored code (entry for the new UTX), and connects it to the original output.
Call -Restage: From the calculation of the threads the root utxo
Essentially, the call rendering of the computing fibers to the utxo root is a mechanism that allows the network to carry out transactions depending on TTP. It works like this:
- Computer Chain Iteration : The first iteration of the computing fiber creates a new UTXO and stores Hash with the transaction inputs.
- Code -withdrawal
: The following iteration is linked to the original output of the stored code (input for the new UTX).
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Unlock the scalability potential
The call return mechanism provides a number
* Decreased TTP overload : When transactions are carried out through computer fibers, the network reduces the dependence of its reliable third parties, which are usually slower and more expensive than individual miners.
* Improved network efficiency : The call return mechanism allows you to process the faster transaction, as the single computing fiber iteration can infer in a time that would be done by traditional TTP -based checks.
* Increased scalability : Activating the iteration of multiple computing fibers to execute transactions at the same time, the network can process multiple block transactions, resulting in increased scalability.
Conclusion
Call return from root utxo computer fibers is a revolutionary concept that releases bitcoin’s scalability potential. By taking advantage of this mechanism, the network can check and effectively check and validate transactions as a function of TTPs, preparing the way for faster, cheaper and more transparent global financial transactions.