can electrum wallet verify bitcoin

You can verify Bitcoin transactions using Electrum wallet by opening the "Transactions" tab, clicking "Details" on the desired transaction, examining the inputs and outputs, using a block explorer to validate inputs, and verifying that outputs are correctly spent.

Nov 04, 2024 at 05:23 am

Can Electrum Verify Bitcoin Transactions? How To Verify A Transaction

1. Open your Electrum wallet.
2. Click on the "Transactions" tab.
3. Find the transaction you want to verify.
4. Click on the "Details" button.
5. The transaction details will be displayed in a new window.
6. In the "Inputs" tab, you will see the list of inputs used to create this transaction.
7. In the "Outputs" tab, you will see the list of outputs created by this transaction.
8. To verify the transaction, you need to make sure that the inputs are valid and that the outputs are correctly spent.
9. To verify the inputs, you can use a block explorer such as Blockchain.com.
10. To verify the outputs, you can use a transaction decoder such as SatoshiDice.

Here is an example of how to verify a Bitcoin transaction using Electrum and a block explorer:

1. Open your Electrum wallet and click on the "Transactions" tab.
2. Find the transaction you want to verify and click on the "Details" button.
3. In the "Inputs" tab, you will see a list of inputs used to create this transaction. Each input will have a "TXID" and a "Vout" value.
4. Copy the TXID of the first input and go to a block explorer such as Blockchain.com.
5. Paste the TXID into the search bar and click on the "Search" button.
6. The block explorer will show you the details of the transaction that created the input.
7. Make sure that the transaction is valid and that the output with the corresponding Vout value was spent in this transaction.
8. Repeat steps 4-7 for all of the inputs in the transaction.
9. Once you have verified all of the inputs, you can be sure that the transaction is valid.

If you encounter any problems while verifying a Bitcoin transaction, you can contact Electrum support for help.