Understanding of the Bitcoin Signet network: because the commissions are incorrectly calculated
As a user of the Bitcoin protocol, you are probably familiar with the process of sending and receiving transactions on the network. An aspect that can be frustrating for navigation are the commissions associated with each transaction. However, have you ever stopped thinking about the reason why these commissions may not be added correctly? In this article, we will deepen the world of Bitcoin Signet’s network and explore why the calculation of the commissions might seem out.
Signet’s network: a simplified protocol
To understand the problem within reach, it is essential to familiarize yourself with the Signet’s network of Bitcoin. The Signet network is a special variant of the Bitcoin protocol that allows more efficient and economic transactions. By default, the Signet network uses a simpler consent algorithm called Bitcoin Core, which is based on the work test mechanism (POW).
In this mode, miners compete to resolve a complex mathematical puzzle, validating new blocks and guaranteeing the integrity of the blockchain. However, when using the Signet network, miners can also use an additional consent mechanism called Proof Of-Capacity (POC). This allows them to “extract” for computational power, rather than solving the math problem.
The calculation of the commissions
Now that you know a little about the Bitcoin protocol and its Variant of the Signet network, let’s take a closer look at how the commissions are calculated. When sending a transaction on the Bitcoin network, your tax is determined by several factors:
- Complexity of transactions : the more complex the transaction is (i.e. the number of input and output addresses), the greater the tax.
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- Difficulty of mining : the difficulty of mining, which is a measure of the computational power required to resolve the mathematical puzzle, also affects the transaction commission.
When performing Bitcoin-Cli Listransactions on the predefined seal network, Bitcoin-Cli calculates the commissions based on these factors. However, it seems that the algorithm of calculating the commissions can be imperfect or incomplete, resulting in an incorrect commission value for the specific transaction that you are examining (TXID 3923927EB3B6213BAB5D0BEE8364A87AFE357CB42CE6C587F0372735F0).
Because the commissions are calculated incorrectly
There may be several reasons why the calculation of the commissions for a specific transaction is not correct:
- Inadequate data : Bitcoin-Cli may not have access to all the necessary information necessary to calculate the commissions accurately.
- Wrong hypothesis
: the algorithm used by
Bitcoin-Clicould be hypotheses on the network conditions or the behavior of the miner who are not accurate in this case.
Alternative solutions and solutions
To solve this problem, you can try the following:
- Use a different mining configuration
: if available, move on to a different mining configuration that uses the stake test (POS) instead of POW.
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- Contact the Bitcoin community: contact the Bitcoin community, including developers and users who are most familiar with the variant of the Signet network.
In conclusion, the understanding of the complexities of the Bitcoin protocol can be complex, but with this explanation, you should now have a better understanding of why the commissions may seem to be disabled when using the predefined Signet network. By exploring alternative solutions and checking your results, you will be on the right way to ensure that your transactions are developed efficiently and carefully.
Additional resources
- Bitcoin-Blockchain: a detailed explanation of the Bitcoin protocol and its underlying mechanics.