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Bitcoin unconfirmed transaction script


An unconfirmed Bitcoin transaction is one that has been broadcast to the Bitcoin network but has not yet been included in a block by miners. When creating or examining Bitcoin transactions, the script involved is primarily in the context of Bitcoin's transaction outputs, particularly with regard to how the funds can be spent. ### Basic Structure of a Bitcoin Transaction A Bitcoin transaction consists of inputs and outputs. Each output can have an associated script that defines how the Bitcoin can be spent: 1. **Inputs**: References to previous outputs that are being spent. 2. **Outputs**: New outputs that create new coins in a user-defined address. ### Script Types in Bitcoin Transactions 1. **P2PKH (Pay to Public Key Hash)**: The most common type of transaction, where funds are sent to a hash of a public key. - **Output Script**: ``` OP_DUP OP_HASH160 <PubKeyHash> OP_EQUALVERIFY OP_CHECKSIG ``` 2. **P2SH (Pay to Script Hash)**: Allows for more complex spending conditions, where the transaction can be redeemed by providing a script that matches a hash. - **Output Script**: ``` OP_HASH160 <ScriptHash> OP_EQUAL ``` 3. **P2WPKH (Pay to Witness Public Key Hash)**: A newer type of transaction used in SegWit (Segregated Witness). - **Output Script**: This is a witness version of P2PKH and does not use a traditional script but has a different encoding. 4. **P2WSH (Pay to Witness Script Hash)**: The SegWit equivalent of P2SH. - **Output Script**: Also in a witness structure. ### Unconfirmed Transaction Script Example When creating an unconfirmed transaction, you'll typically construct the raw transaction and sign it. Here's a simplified example: 1. **Create Output**: Sending 0.01 BTC to a P2PKH address. 2. **Transaction ID (txid)**: Referencing a previous transaction output (not shown). A raw local transaction might look like this in code (using a library like `bitcoinlib` in Python): ```python from bitcoinlib.transactions import Transaction # Create a new transaction tx = Transaction() # Add an input (previous transaction output) tx.add_input("previous_txid", output_index=0) # Add an output (recipient's address and amount) tx.add_output("recipient_address", amount=0.01) # Optionally sign the transaction # tx.sign(your_private_key) # Serialize the transaction for broadcasting raw_tx = tx.as_hex() ``` While the transaction is in the mempool (a pool of unconfirmed transactions), it remains unconfirmed until it is picked up by a miner and included in a block. ### Checking for Unconfirmed Transactions Using various block explorers (like Blockchain.com, Blockstream, or others), you can input the transaction ID to check its status. When you check a transaction that is unconfirmed, you will see its status as "Pending" or "Unconfirmed." ### Important Notes - Unconfirmed transactions are not guaranteed to be included in a block, and their confirmation depends on network congestion and miner fees. - A transaction can also be dropped from the mempool if it doesn't receive a confirmation after a certain period. For more intricate scripting or specific scenarios, you would delve into Bitcoin Script specifics, but the basics remain crucial for understanding unconfirmed transactions in Bitcoin.