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The "Why" For Standard Transactions, Plus Std Tx Tweaks
Based on a discussion tonight on IRC with comments from @gmaxwell, bitcoin428, and kadoban. * Add a new introduction to the Standard Transaction section which explains the purpose behind standard transactions so readers understand that these aren't limitations for limitation's sake. More specifically, note that bug-prevention isn't the only reason for standard transactions---thanks to @gmaxwell for explaining the forward compatablity reason to me. * Make it clear that isStandard() only applies to loose transactions and that it doesn't apply to txes in blocks. Thanks to bitcoin428 for pointing out this source of confusion. * Make it cleare that a non-standard redeemScript is a script that would not pass isStandard(). Thanks to kadoban for pointing out the absense of that information.
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@ -269,8 +269,33 @@ redeemScript, so P2SH scripts are as secure as P2PKH pubkey hashes.
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{% autocrossref %}
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Care must be taken to avoid non-standard output scripts. As of Bitcoin Core
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0.9, the standard script types are:
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After the discovery of several dangerous bugs in early versions of
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Bitcoin, a test was added which only accepted transactions from the
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network if they had an output script which matched a small set of
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believed-to-be-safe templates and if the rest of the transaction didn't
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violate another small set of rules enforcing good network behavior. This
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is the `isStandard()` test, and transactions which pass it are called
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standard transactions.
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Non-standard transactions---those that fail the test---may be accepted
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by nodes not using the default Bitcoin Core settings. If they are
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included in blocks, they will also avoid the isStandard test and be
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processed. However, miners who produce blocks with non-standard
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transactions put their block reward at risk---if a transaction
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produces a bug, the block which includes it will likely be orphaned by
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other miners.
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Besides making it more difficult for someone to attack Bitcoin for
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free by broadcasting harmful transactions, the standard transaction
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test also helps prevent users from creating transactions today that
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would make adding new transaction features in the future more
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difficult. For example, as described above, each transaction includes
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a version number---if users started arbitrarily changing the version
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number, it would become useless as a tool for introducing
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backwards-incompatible features.
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As of Bitcoin Core 0.9, the standard script types are:
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**Pubkey Hash (P2PKH)**
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@ -378,14 +403,19 @@ accept, broadcast, nor mine your transaction. When you try to broadcast
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your transaction to a peer running the default settings, you will
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receive an error.
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Unfortunately, if you create a non-standard redeemScript, hash it, and use the hash
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Unfortunately, if you create a redeemScript, hash it, and use the hash
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in a P2SH output, the network sees only the hash, so it will accept the
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output as valid no matter what the redeemScript says. When you go to
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spend that output, however, peers and miners using the default settings
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will see the non-standard redeemScript and reject it. It will be
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spend that output, peers and miners using the default settings will
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check the redeemScript to see whether or not it's a standard output
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script. If it isn't, they won't process it further---so it will be
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impossible to spend that output until you find a miner who disables the
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default settings.
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Note: standard transactions are designed to protect and help the
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network, not prevent you from making mistakes. It's easy to create
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standard transactions which make the satoshis sent to them unspendable.
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As of Bitcoin Core 0.9, standard transactions must also meet the following
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conditions:
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