Bitcoin’s decentralized and trustless nature relies heavily on the integrity and security of its transaction data. Transaction IDs (TXIDs) and witness programs play a crucial role in ensuring the reliability of the Bitcoin network.
In this article, we will delve deep into the mechanics of Bitcoin Improvement Proposals (BIP) 140 and 141, which address the normalization of TXIDs and witness program implementation. These improvements have a profound impact on the efficiency, scalability, and security of the Bitcoin network.
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