diff --git a/ch02.asciidoc b/ch02.asciidoc index 35103171..64a18b23 100644 --- a/ch02.asciidoc +++ b/ch02.asciidoc @@ -503,16 +503,12 @@ few seconds. ===== Bob's view If Bob's bitcoin wallet application is directly connected to Alice's -wallet application, Bob's wallet application might be the first node to +wallet application, Bob's wallet application might be the first to receive the transaction. However, even if Alice's wallet sends the transaction through other nodes, it will reach Bob's wallet within a few seconds. Bob's wallet will immediately identify Alice's transaction as -an incoming payment because it contains outputs redeemable by Bob's +an incoming payment because it contains an output redeemable by Bob's keys. Bob's wallet application can also independently verify that the -transaction is well formed, uses previously unspent inputs, and contains -sufficient transaction fees to be included in the next block. At this -point Bob can assume, with little risk, that the transaction will -shortly be included in a block and confirmed. [TIP] ==== @@ -527,6 +523,8 @@ small-value transaction with no confirmations, with no more risk than a credit card payment made without an ID or a signature, as merchants routinely accept today.((("", startref="Tconstruct02"))) ==== +transaction is well formed. If Bob is using his own full node, his +wallet can further verify Alice's transaction only spends valid UTXOs. === Bitcoin Mining