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CH02::common tx forms: introduce technical terms

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- *consolidation transaction_ for what was previously called an
  aggregating transaction

- *payment batching* for paying multiple outputs
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David A. Harding 2023-02-04 12:38:13 -10:00
parent e458e803cd
commit fa7a385c83
1 changed files with 13 additions and 15 deletions
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ch02.asciidoc
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@ -296,28 +296,26 @@ balance.
==== Common Transaction Forms
The most common form of transaction is a simple payment from one address
to another, which often includes some "change" returned to the original
owner. This type of transaction has one input and two outputs and is
shown in <<transaction-common>>.
A very common form of transaction is a simple payment. This type of
transaction has one input and two outputs and is shown in
<<transaction-common>>.
[[transaction-common]]
.Most common transaction
image::images/mbc2_0205.png["Common Transaction"]
Another common form of transaction is one that aggregates several inputs
into a single output (see <<transaction-aggregating>>). This represents
Another common form of transaction is a _consolidation transaction* one that spends several inputs
into a single output (see <<transaction-consolidating>>). This represents
the real-world equivalent of exchanging a pile of coins and currency
notes for a single larger note. Transactions like these are sometimes
generated by wallet applications to clean up lots of smaller amounts
that were received as change for payments.
generated by wallets and business to clean up lots of smaller amounts.
[[transaction-aggregating]]
[[transaction-consolidating]]
.Transaction aggregating funds
image::images/mbc2_0206.png["Aggregating Transaction"]
Finally, another transaction form that is seen often on the bitcoin
ledger is a transaction that distributes one input to multiple outputs
ledger is _payment batching_ that pays to multiple outputs
representing multiple recipients (see <<transaction-distributing>>).
This type of transaction is sometimes used by commercial entities to
distribute funds, such as when processing payroll payments to multiple
@ -711,12 +709,12 @@ thus providing assurance that the miners accepted it as valid.
Bob can now spend the output from this and other transactions. For
example, Bob can pay a contractor or supplier by transferring value from
Alice's podcast payment to these new owners. Most likely, Bob's bitcoin
software will aggregate many small payments into a larger payment,
Alice's podcast payment to these new owners. Bob's bitcoin
software might consolidate many small payments into a larger payment,
perhaps concentrating all the day's bitcoin revenue into a single
transaction. This would aggregate the various payments into a single
output (and a single address). For a diagram of an aggregating
transaction, see <<transaction-aggregating>>.
transaction. This would consolidate the various payments into a single
output (and a single address). For a diagram of a consolidation
transaction, see <<transaction-consolidating>>.
As Bob spends the payments received from Alice and other customers, he
extends the chain of transactions. Let's assume that Bob pays his web