Missing bitcoin transaction

missing bitcoin transaction

The use of multiple inputs corresponds to the use of multiple coins in a cash transaction. Since transactions can have multiple outputs, users can send bitcoins. Salvadorans allege that they are losing Bitcoin tokens saved on their government-issued Chivo wallets in unauthorised transactions. · Government. All kinds of digital assets could be trapped on a hard drive somewhere – Bitcoin, Ethereum, Dogecoin or any number of popular cryptocurrencies. MICROSOFT ETHEREUM CONSORTIUM

The person also shared a spreadsheet with Gadgets that has links to tweets of other user complaints. Some of the tweets contain screenshots of transactions on the Chivo wallets that users claim are of unauthorised charges and failed transactions. Backed by the El Salvador government, Chivo wallets were created to facilitate transactions in USD as well as Bitcoins from anywhere around the world. Bitso, a Mexican cryptocurrency exchange, has been serving as Chivo's key service provider.

As per Bukele, over two million Salvadorans use the Chivo wallet. As of now, there has been no official statement about this development from the authorities of the country. The Twitter account of the Chivo wallet also shows no activity after November 2.

According to CryptoWhale, there has been a reduction of 89 percent in Bitcoin transactions in El Salvador since it was made legal tender. People don't want to use some outdated tech that has high fees, and slow transaction times. It's time El Salvador ditches Bitcoin and opts for something with real utility. In November, for instance, Bukele revealed his plans of building a Bitcoin City at the base of the Conchagua volcano, in order to power Bitcoin mining with renewable energy and tackle the carbon footprint issue associated with the process.

Cryptocurrency Prices across Indian exchanges. For the latest videos on gadgets and tech, subscribe to our YouTube channel. Government reaction to the Bitcoin missing case remains awaited Exact amount of the disappeared Bitcoins remain unknown An 89 percent reduction in Bitcoin transactions has been reported. Whale CryptoWhale December 27, Interested in cryptocurrency? Finally, the valid transaction has to reach the bitcoin network so that it can be propagated until it reaches a miner for inclusion in the pubic ledger the blockchain.

First, a transaction needs to be delivered to the bitcoin network so that it can be propagated and included in the blockchain. In essence, a bitcoin transaction is just to bytes of data and has to reach any one of tens of thousands of bitcoin nodes. The senders do not need to trust the nodes they use to broadcast the transaction, as long as they use more than one to ensure that it propagates. Unlike credit card transactions, for example, which contain sensitive information and can only be transmitted on encrypted networks, a bitcoin transaction can be sent over any network.

Bitcoin transactions can therefore be transmitted to the bitcoin network over insecure networks such as WiFi, Bluetooth, NFC, Chirp, barcodes, or by copying and pasting into a web form. In extreme cases, a bitcoin transaction could be transmitted over packet radio, satellite relay, or shortwave using burst transmission, spread spectrum, or frequency hopping to evade detection and jamming.

A bitcoin transaction could even be encoded as smileys emoticons and posted in a public forum or sent as a text message or Skype chat message. Bitcoin has turned money into a data structure, making it virtually impossible to stop anyone from creating and executing a bitcoin transaction. Once a bitcoin transaction is sent to any node connected to the bitcoin network, the transaction will be validated by that node.

If valid, that node will propagate it to the other nodes to which it is connected, and a success message will be returned synchronously to the originator. If the transaction is invalid, the node will reject it and synchronously return a rejection message to the originator. The bitcoin network is a peer-to-peer network, meaning that each bitcoin node is connected to a few other bitcoin nodes that it discovers during startup through the peer-to-peer protocol.

The entire network forms a loosely connected mesh without a fixed topology or any structure, making all nodes equal peers. Messages, including transactions and blocks, are propagated from each node to the peers to which it is connected. A new validated transaction injected into any node on the network will be sent to three to four of the neighboring nodes, each of which will send it to three to four more nodes, and so on. In this way, within a few seconds a valid transaction will propagate in an exponentially expanding ripple across the network until all connected nodes have received it.

The bitcoin network is designed to propagate transactions and blocks to all nodes in an efficient and resilient manner that is resistant to attacks. To prevent spamming, denial-of-service attacks, or other nuisance attacks against the bitcoin system, every node independently validates every transaction before propagating it further. A malformed transaction will not get beyond one node. The rules by which transactions are validated are explained in more detail in Independent Verification of Transactions.

A transaction is a data structure that encodes a transfer of value from a source of funds, called an input , to a destination, called an output. Transaction inputs and outputs are not related to accounts or identities. Instead, you should think of them as bitcoin amounts—chunks of bitcoin—being locked with a specific secret that only the owner, or person who knows the secret, can unlock.

A transaction contains a number of fields, as shown in Table Locktime defines the earliest time that a transaction can be added to the blockchain. It is set to zero in most transactions to indicate immediate execution. If locktime is nonzero and below million, it is interpreted as a block height, meaning the transaction is not included in the blockchain prior to the specified block height.

If it is above million, it is interpreted as a Unix Epoch timestamp seconds since Jan and the transaction is not included in the blockchain prior to the specified time. The use of locktime is equivalent to postdating a paper check. The fundamental building block of a bitcoin transaction is an unspent transaction output , or UTXO. UTXO are indivisible chunks of bitcoin currency locked to a specific owner, recorded on the blockchain, and recognized as currency units by the entire network.

The bitcoin network tracks all available unspent UTXO currently numbering in the millions. Whenever a user receives bitcoin, that amount is recorded within the blockchain as a UTXO. In effect, there is no such thing as a stored balance of a bitcoin address or account; there are only scattered UTXO, locked to specific owners. There are no accounts or balances in bitcoin; there are only unspent transaction outputs UTXO scattered in the blockchain.

A UTXO can have an arbitrary value denominated as a multiple of satoshis. Just like dollars can be divided down to two decimal places as cents, bitcoins can be divided down to eight decimal places as satoshis. Although UTXO can be any arbitrary value, once created it is indivisible just like a coin that cannot be cut in half. If a UTXO is larger than the desired value of a transaction, it must still be consumed in its entirety and change must be generated in the transaction. In other words, if you have a 20 bitcoin UTXO and want to pay 1 bitcoin, your transaction must consume the entire 20 bitcoin UTXO and produce two outputs: one paying 1 bitcoin to your desired recipient and another paying 19 bitcoin in change back to your wallet.

As a result, most bitcoin transactions will generate change. The shopper will choose exact change if available a dollar bill and two quarters , or a combination of smaller denominations six quarters , or if necessary, a larger unit such as a five dollar bank note. Users cannot cut a UTXO in half any more than they can cut a dollar bill in half and use it as currency.

As with real life, the bitcoin application can use several strategies to satisfy the purchase amount: combining several smaller units, finding exact change, or using a single unit larger than the transaction value and making change. It is only relevant if you are programmatically constructing raw transactions from UTXO. This way, chunks of bitcoin value move forward from owner to owner in a chain of transactions consuming and creating UTXO.

Transactions consume UTXO by unlocking it with the signature of the current owner and create UTXO by locking it to the bitcoin address of the new owner. The exception to the output and input chain is a special type of transaction called the coinbase transaction, which is the first transaction in each block.

What comes first? Inputs or outputs, the chicken or the egg? Strictly speaking, outputs come first because coinbase transactions, which generate new bitcoin, have no inputs and create outputs from nothing. Every bitcoin transaction creates outputs, which are recorded on the bitcoin ledger. Sending someone bitcoin is creating an unspent transaction output UTXO registered to their address and available for them to spend. New transactions consume spend one or more of these outputs from the UTXO set.

The transaction scripting language, used in the locking script mentioned previously, is discussed in detail in Transaction Scripts and Script Language. Table shows the structure of a transaction output. In Example , we use the blockchain. The locking script is not shown in the output in Example Transaction outputs associate a specific amount in satoshis to a specific encumbrance or locking script that defines the condition that must be met to spend that amount.

In most cases, the locking script will lock the output to a specific bitcoin address, thereby transferring ownership of that amount to the new owner. That 0. In simple terms, transaction inputs are pointers to UTXO. The unlocking script is usually a signature proving ownership of the bitcoin address that is in the locking script. When users make a payment, their wallet constructs a transaction by selecting from the available UTXO.

For example, to make a 0. If we run the select-utxo. If you provide a target payment amount as a parameter, the script will select UTXO to make that target payment amount. In Example , we run the script trying to make a payment of 0. Once the UTXO is selected, the wallet then produces unlocking scripts containing signatures for each of the UTXO, thereby making them spendable by satisfying their locking script conditions. The wallet adds these UTXO references and unlocking scripts as inputs to the transaction.

Table shows the structure of a transaction input. The sequence number is used to override a transaction prior to the expiration of the transaction locktime, which is a feature that is currently disabled in bitcoin. Most transactions include transaction fees, which compensate the bitcoin miners for securing the network. Mining and the fees and rewards collected by miners are discussed in more detail in Chapter 8. This section examines how transaction fees are included in a typical transaction.

Most wallets calculate and include transaction fees automatically. However, if you are constructing transactions programmatically, or using a command-line interface, you must manually account for and include these fees. Transaction fees are collected by the miner who mines the block that records the transaction on the blockchain.

Transaction fees are calculated based on the size of the transaction in kilobytes, not the value of the transaction in bitcoin. Overall, transaction fees are set based on market forces within the bitcoin network. Miners prioritize transactions based on many different criteria, including fees, and might even process transactions for free under certain circumstances. Transaction fees affect the processing priority, meaning that a transaction with sufficient fees is likely to be included in the next-most—mined block, whereas a transaction with insufficient or no fees might be delayed, processed on a best-effort basis after a few blocks, or not processed at all.

Transaction fees are not mandatory, and transactions without fees might be processed eventually; however, including transaction fees encourages priority processing. Over time, the way transaction fees are calculated and the effect they have on transaction prioritization has been evolving. At first, transaction fees were fixed and constant across the network. Gradually, the fee structure has been relaxed so that it may be influenced by market forces, based on network capacity and transaction volume.

The current minimum transaction fee is fixed at 0. Most transactions are less than one kilobyte; however, those with multiple inputs or outputs can be larger. In future revisions of the bitcoin protocol, it is expected that wallet applications will use statistical analysis to calculate the most appropriate fee to attach to a transaction based on the average fees of recent transactions.

The current algorithm used by miners to prioritize transactions for inclusion in a block based on their fees is examined in detail in Chapter 8. The data structure of transactions does not have a field for fees. Instead, fees are implied as the difference between the sum of inputs and the sum of outputs. Any excess amount that remains after all outputs have been deducted from all inputs is the fee that is collected by the miners. Transaction fees are implied, as the excess of inputs minus outputs:.

This is a somewhat confusing element of transactions and an important point to understand, because if you are constructing your own transactions you must ensure you do not inadvertently include a very large fee by underspending the inputs.

That means that you must account for all inputs, if necessary by creating change, or you will end up giving the miners a very big tip! For example, if you consume a bitcoin UTXO to make a 1-bitcoin payment, you must include a bitcoin change output back to your wallet. Although you will receive priority processing and make a miner very happy, this is probably not what you intended. If you forget to add a change output in a manually constructed transaction, you will be paying the change as a transaction fee.

Alice wants to spend 0. To ensure this transaction is processed promptly, she will want to include a transaction fee, say 0. That will mean that the total cost of the transaction will be 0. Her wallet must therefore source a set of UTXO that adds up to 0.

She received several thousand small donations from people all around the world, totaling 50 bitcoin, so her wallet is full of very small payments UTXO. Now she wants to purchase hundreds of school books from a local publisher, paying in bitcoin. That means that the resulting transaction will source from more than a hundred small-value UTXO as inputs and only one output, paying the book publisher. A transaction with that many inputs will be larger than one kilobyte, perhaps 2 to 3 kilobytes in size.

As a result, it will require a higher fee than the minimal network fee of 0. Many wallets will overpay fees for larger transactions to ensure the transaction is processed promptly. As we have seen, transactions form a chain, whereby one transaction spends the outputs of the previous transaction known as the parent and creates outputs for a subsequent transaction known as the child.

Sometimes an entire chain of transactions depending on each other—say a parent, child, and grandchild transaction—are created at the same time, to fulfill a complex transactional workflow that requires valid children to be signed before the parent is signed. For example, this is a technique used in CoinJoin transactions where multiple parties join transactions together to protect their privacy.

Sometimes, the child might arrive before the parent. In that case, the nodes that see a child first can see that it references a parent transaction that is not yet known. Rather than reject the child, they put it in a temporary pool to await the arrival of its parent and propagate it to every other node.

The pool of transactions without parents is known as the orphan transaction pool. Once the parent arrives, any orphans that reference the UTXO created by the parent are released from the pool, revalidated recursively, and then the entire chain of transactions can be included in the transaction pool, ready to be mined in a block. Transaction chains can be arbitrarily long, with any number of generations transmitted simultaneously.

The mechanism of holding orphans in the orphan pool ensures that otherwise valid transactions will not be rejected just because their parent has been delayed and that eventually the chain they belong to is reconstructed in the correct order, regardless of the order of arrival. There is a limit to the number of orphan transactions stored in memory, to prevent a denial-of-service attack against bitcoin nodes. Bitcoin clients validate transactions by executing a script, written in a Forth-like scripting language.

Both the locking script encumbrance placed on a UTXO and the unlocking script that usually contains a signature are written in this scripting language. When a transaction is validated, the unlocking script in each input is executed alongside the corresponding locking script to see if it satisfies the spending condition.

However, the use of scripts to lock outputs and unlock inputs means that through use of the programming language, transactions can contain an infinite number of conditions. This is only the tip of the iceberg of possibilities that can be expressed with this scripting language. In this section, we will demonstrate the components of the bitcoin transaction scripting language and show how it can be used to express complex conditions for spending and how those conditions can be satisfied by unlocking scripts.

Bitcoin transaction validation is not based on a static pattern, but instead is achieved through the execution of a scripting language. This language allows for a nearly infinite variety of conditions to be expressed. A locking script is an encumbrance placed on an output, and it specifies the conditions that must be met to spend the output in the future.

Historically, the locking script was called a scriptPubKey , because it usually contained a public key or bitcoin address. In most bitcoin applications, what we refer to as a locking script will appear in the source code as scriptPubKey. Historically, the unlocking script is called scriptSig , because it usually contained a digital signature.

In most bitcoin applications, the source code refers to the unlocking script as scriptSig. Every bitcoin client will validate transactions by executing the locking and unlocking scripts together. For each input in the transaction, the validation software will first retrieve the UTXO referenced by the input.

That UTXO contains a locking script defining the conditions required to spend it. The validation software will then take the unlocking script contained in the input that is attempting to spend this UTXO and execute the two scripts. In the original bitcoin client, the unlocking and locking scripts were concatenated and executed in sequence. For security reasons, this was changed in , because of a vulnerability that allowed a malformed unlocking script to push data onto the stack and corrupt the locking script.

In the current implementation, the scripts are executed separately with the stack transferred between the two executions, as described next. First, the unlocking script is executed, using the stack execution engine. If the unlocking script executed without errors e. Note that the UTXO is permanently recorded in the blockchain, and therefore is invariable and is unaffected by failed attempts to spend it by reference in a new transaction.

Figure is an example of the unlocking and locking scripts for the most common type of bitcoin transaction a payment to a public key hash , showing the combined script resulting from the concatenation of the unlocking and locking scripts prior to script validation. The bitcoin transaction script language, called Script , is a Forth-like reverse-polish notation stack-based execution language. Script is a very simple language that was designed to be limited in scope and executable on a range of hardware, perhaps as simple as an embedded device, such as a handheld calculator.

It requires minimal processing and cannot do many of the fancy things modern programming languages can do. In the case of programmable money, that is a deliberate security feature. A stack is a very simple data structure, which can be visualized as a stack of cards. A stack allows two operations: push and pop. Push adds an item on top of the stack. Pop removes the top item from the stack. The scripting language executes the script by processing each item from left to right.

Numbers data constants are pushed onto the stack. Operators push or pop one or more parameters from the stack, act on them, and might push a result onto the stack. Bitcoin transaction scripts usually contain a conditional operator, so that they can produce the TRUE result that signifies a valid transaction.

Notice that when the script contains several operators in a row, the stack allows the results of one operator to be acted upon by the next operator:. Try validating the preceding script yourself using pencil and paper. When the script execution ends, you should be left with the value TRUE on the stack. Although most locking scripts refer to a bitcoin address or public key, thereby requiring proof of ownership to spend the funds, the script does not have to be that complex.

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Copy the text to your system clipboard. Finally, publish your signed transaction. From the top of the Coinbin page, click the Broadcast tab. Paste your signed transaction into the text box and click Submit. Paste your transaction ID into the text field at the top of the page.

If things have gone according to plan, your transaction will remain unconfirmed for hours. Use Coinbin to create a child transaction spending your unconfirmed stuck payment. The procedure is nearly identical to the one described above for creating a stuck parent transaction. From the New menu choose Transaction. Enter the address containing the stuck payment into the first text field, then click Load. Even though your transaction is unconfirmed, Coinbin should display the value of the pending payment.

Choose a payment amount that leaves a fee large enough to pay for both the current transaction and its stuck parent. Use the formula introduced above to guide you:. Your parent transaction already paid satoshis f p. Choose a payment amount that leaves an appropriate fee, then click Submit.

You may receive a warning about a high fee. Coinbin will generate an unsigned transaction encoded in hex format. Copy it to your system clipboard. Next, verify your transaction. From the top of the Coinbin page, select Verify. Paste your unsigned transaction into the text field. After verifying your payment address and amount, sign your transaction. Click the Sign tab. Paste your unsigned transaction into the bottom text field. Into the top text field, paste the private key controlling your Stuck Parent wallet address.

Click Submit to sign the transaction. Finally, publish your transaction. Click the Broadcast tab at the top of Coinbin. Paste your signed transaction into the text field. Use a block explorer to monitor the confirmation of child and parent. If all went well, both should confirm within the next block or two.

The above procedure has been tested and was found to work as described. Keep in mind, however, that fee densities will fluctuate over time — sometimes quite sharply. Fees reported here may be out-of-date when your transaction becomes stuck. Fee densities can even change during the time it takes to read this post. Be sure your child transaction pays a sufficiently high fee or it too will become stuck. Nodes have limited capacity to store pending transactions.

When no more space is available, transactions are evicted in reverse order of fee density. A parent transaction paying a very low fee may therefore not be available when you try to publish your child transaction. The above procedure exposes private keys on a network-connected computer. To avoid this unsafe practice, an alternative signing procedure can be used. Begin by creating an offline copy of Coinbin. Save the archive file to a trustworthy removable medium. To run Coinbin offline, boot into an offline session such as Tails.

Open your removable medium and extract the Coinbin archive. Coinbin can be run offline by clicking on the file named index. Using this setup, transactions can be created online, saved to a removable medium, signed offline, then published online. To minimize the risk of obtaining a malicious copy of Coinbin that re-routes payments, transactions can be independently parsed and validated using a block explorer. For example, Blockchain and Blockcypher can decode and check a transaction before publication.

This article shows how using a procedure that only requires a Web browser. No games, no spam. When you sign up, I'll keep you posted with emails per week. Unsubscribe at any time. When to Use This Method You can clear a stuck transaction with the method described here whenever you control one or more of its outputs.

Why Transactions Become Stuck The most common reason for a stuck transaction is that it carries a fee that was set too low. Alice pays Bob using a transaction with an insufficient fee left. Bob clears the transaction with a child that pays for both itself and its parent right. The above diagram is part of a visual language. Create a Stuck Transaction The best time to learn how to clear a stuck transaction is before it becomes critical to do so.

To create a stuck transaction, aim for fee density that yielding a confirmation time of blocks 24 hours or more. Three Wallets. The deposit address top will receive an initial deposit with a market fee. The second address middle will receive a payment from the first, but with an uncompetitive fee e. The third address bottom will receive a coin using a fee that pays for the itself and the stuck parent transaction. Create a Stuck Transaction. Raw Transaction Bytes. An unsigned transaction in hex format, provided by Coinbin.

Select and copy the text to your system clipboard. Sign Transaction. Given a private key and unsigned transaction, Coinbin will sign it. Copy the signed transaction. Clear a Stuck Transaction Use Coinbin to create a child transaction spending your unconfirmed stuck payment. The graphs used to visualize the data do not completely solve the problem of excess data.

But with the help of them, you can sometimes reveal some extra information. I will show an example of analyzing my wallet about which I know something. More precisely, I only know about outgoing transactions. Will I be able to say at least something additional in this situation, find at least some other information?

Let's check. Tools , SuIP. By the way, if you like any of these sites you can also support them. The wallet for analysis must be specified after the -s option. All other options are not necessary. But we will do the first launch with the -d option, which adjusts the crawling depth. By default, the crawling depth is 3. Set the level to 1 to see only the wallets from which or to which transactions were made with respect to this wallet:.

These lines mean that the optional Quark program is installed right now, which is necessary for generating graphs. When all requests are completed, the results will be saved to a file and this file will be opened in a web browser. Let's do a little analysis. The desired element will be highlighted in yellow, I will pull it out of the general group so that I always know where it is:.

Now click the Make Clusters button to form clusters based on the community detection algorithm. After that, use Color Clusters to assign different colors to the clusters. I will continue the analysis. You can delete nodes one at a time.

To do this, click the Delete button in the menu. You can also select several using the Lasso tool at once:. I cash out all received bitcoins in currency exchanger I do not need bitcoins, I need to pay bills. I designated my wallet with the letter A. Therefore, we can conclude: the donor by the way, thank him for his support, and in general, thanks to everyone who supports, especially financially! Based on the chart, you might think that we used one exchange at the same time - but this is not necessarily the case, since the chart shows all the transactions that have ever been made by my wallet.

Another option — transaction AB is also a donation that was made by someone directly through the exchanger. I redistributed the nodes a bit, look at point B — it is connected with the same nodes as my wallet A , that is, with D , E , F , G. A donation came from user B , that is, he bought it somewhere on the exchanger Bitcoins, and sent part of the amount to me, and I returned these bitcoins back to exchangers.

The same can be said about point C , this user buys and sells on exchangers and once sent part of the amount to me. Alternatively, these wallets received funds from another source not exchangers , but cashed them through them, and also sent me a few bucks. By default, the search depth is three, that is, if you run without the -d option:. By default, Orbit processes only the last 50 transactions from each wallet. You can change this value with the -l option. You can both reduce and increase the number of covered transactions.

Wallets that have made just a couple of interactions with our target may not be important, Orbit can be told to crawl top N wallets at each level by using the -t option. If you want to view the data collected by the graph viewer of your choice, you can use the -o option. After it, you need to specify one of the supported formats:.

The Orbit tool is not intended to deanonymize Bitcoin users, but it can help gather interesting information.

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Help! My bitcoin transaction has been stuck for 10 days. Is my bitcoin gone?

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