Running a pruned indexer & UTXO manager for the BSV blockchain
Joined July 2022
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We were unable to access the server hosting the explorer when it went down but the API service was fine.
All good now
Congrats on the upgrades, It looks awesome!
Always a pleasure to see how you are pushing things forward👏
We deliver one our promises 🥰
New unified $BSV Transaction UX. Also submissions open for apps. This is a major upgrade. We now index all e-cash and we provide more insightful UI 🤩
Thankful always to @BitailsAPI who has reliably served data since the beginning 🌟
-rt💕
Running an empirical test: whatsonchain.com/tx/2a29dc78…
Will anyone mine my 1 sat few tx?
@BitailsAPI allows me
To broadcast using their UI but errors with “already in mempool”.
Who loved Electrum? Well, me - it was my second ever #Bitcoin wallet. Now the SV version may be coming back, ready for the SVP & #Teranode age🔥
@RealCoinGeek @cryptorebel_SV @ElectrumSV #BSV
coingeek.com/old-favorite-el…
Comes down to semantics. The servers are acting like a node would, although they might not necessarily mine or find blocks (although some mining might make them better connected?). But they can be monetized in other ways by serving user queries and accepting a fee per query.
Yes, the thing is using indexers or overlays doesn’t mean you are not committing to the SPV terms.
Note that you can’t create a transaction only by block headers. To do that you have two options:
1. Storing the data required for creating the transaction.
2. Asking a third party for that.
So, she can ask nodes or overlay services for the data.
That is the whole point of SPV, users query nodes, and the servers are the nodes. Over time servers should use more clever ways to efficiently index transactions, such as taking advantage of the binary search tree structure, using time as the ordering:
Servers carry the burden for users, and maintain a fully synced blockchain in order to serve tx proofs to user queries. However they can also run in pruned mode, for example like Bitails has said they are doing. All they need is the active UTXO set:
xitter.cf/BitailsAPI/status/1891…
Exactly! Disregarding the role of indexers for a user friendly experience is far from a practical solution. In theory you can be restrict about the SPV, users being accountable for their private keys/transactions, etc. but in action you need to use other third parties if you don’t want to ruin the UX. Best you can do is not to rely on one single service.
Anyone thinking otherwise is dreaming and can’t deliver what they promise.
BSV achieved 150M transactions per day in real-world stress tests. BSV Teranode is already live and provides essentially unlimited throughput. While Ethereum builds Layer 2 complexity, BSV delivers. 📊
Bitails retweeted
The #blockchain record mutilator🔥
@RealCoinGeek @BitailsAPI @mintBlue_com #BSV
coingeek.com/152-million-tra…
have the feeling the entire network faces it atm (not even any single provier) - ARC to some degree with the rebroadcast till acceptance is the bandaid, but even that seems to fail those days.
I recommend checking out the UTXO manager, there is a high chance that things fall apart at that point(if you haven’t checked already of course). We have seen many dropped transactions due to bad UTXO management(using one indexer to fetch the UTXOs which sometimes are already spent and another to broadcast or as a load balance). If possible, try using Bitails to fetch UTXOs and see how that makes a difference(or doesn’t).
I agree on ARC, but these tx were sitting in the mempool of non-mining nodes. They fell out of all of the mining node’s mempool because sv node does that when it’s stressed
can you also cover the transactions dropped? We just found out we had 2,000 transactions dropped the last days.
We broadcasts transactions periodically till they are mined, but yesterday we had some issues regarding this which should be resolved now. That being said, if you are using another indexer as UTXO management, there is always a possibility that this happens since some indexers are not providing a clean and updated UTXO set and your tx gets dropped due to network policies.
Nah, it’s fair play and basically expected behavior. It is on the ruthless side of the game theory, but not overtly malicious.
That being said, it does indicate that they have not changed much about their internal systems in the last two years, while GorillaPool has upgraded all of our internal systems and networking to be world class in preparation for Teranode.
It’s our goal to win with the best service, reputation and reliability in bitcoin.
