Signet - Bitcoin Wiki

Help understanding raw transactions

I'm struggling a bit with understanding raw transactions. I understand from the Bitcoin wiki that the input(s) reference previous transactions as the source of funds. Then the outputs is how the source of funds is paid out. Typically if there are two outputs, it is because the entire input transaction must be spent and so one output is the payment and the second output is the remainder being paid back to self.
This all makes sense until I went to look at a ReddCoin transaction. I used getblockcount then getblockhash, then getblock to retrieve the latest confirmed block. Then looked at one of the transactions with getrawtransaction then decoderawtransaction.
Here is the transaction I looked at: ece8f2411a3c0193ee59b4e22ee6cab4e0f15e480e61bfad018fc0c4f76758b4
There is one input and two outputs. Both outputs are equal value and paid to the same wallet. The input transaction is a similar transaction where two outputs both paid to the same wallet but the value is double. The input of that transaction is the same again but with the value doubled.
I can't understand what the point of this transaction would be. Someone with a balance of x is sending a two payments to self of x/2. Then when that transaction is confirmed, each output is then used to make two more payments to self of x/2/2 and so on.
Can someone explain this to me? Is this related to staking?
submitted by CaptainCryptogram to reddCoin [link] [comments]

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Original Bitcoin client/API calls list allows to do the listing the bitcoin addresses in your wallet easily via listreceivedbyaddress. It normally lists only addresses which already have received transactions, however you can list all the addresses by setting the first argument to 0, and the second ... getdifficulty and getblockcount were created around July 2010, with decimaltarget, probability, hashestowin, nextretarget, totalbc, and bcperblock coming soon after. These pages were made in response to block and difficulty values being "hard-coded" into text on the old wiki, which quickly made the information obsolete. Common operations Listing my bitcoin addresses. Listing the bitcoin addresses in your wallet is easily done via listreceivedbyaddress.It normally lists only addresses which already have received transactions, however you can list all the addresses by setting the first argument to 0, and the second one to true. Bitcoin system is configured to solve such chain branching as soon as possible, leaving only one branch. Reward for the block, which has been abandoned, is not charged. Bitcoin client perceives the longest blockchain as the right one. "Length" of the entire blockchain is calculated as the sum of the complexities of all blocks in the chain, but ... From Bitcoin Wiki. Jump to: navigation, search. Signet is a proposed new test network for the Bitcoin block chain which adds an additional signature requirement to block validation. Signet is similar in nature to testnet, but more reliable and centrally controlled. There is a default signet network ("Signet Global Test Net VI" as of this writing), but anyone can run their own signet network at ...

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