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What are some examples of bitcoin opcodes and their functions?

avatarPenguinsDec 25, 2021 · 3 years ago3 answers

Can you provide some examples of bitcoin opcodes and explain their functions? I'm interested in learning more about how opcodes work in the bitcoin network.

What are some examples of bitcoin opcodes and their functions?

3 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! Bitcoin opcodes are essentially instructions that are embedded in bitcoin transactions. They allow users to perform various operations on the bitcoin network. For example, the OP_CHECKSIG opcode is used to verify digital signatures, while the OP_RETURN opcode is used to store data on the blockchain. These opcodes play a crucial role in enabling smart contracts and other advanced features on the bitcoin network.
  • avatarDec 25, 2021 · 3 years ago
    Bitcoin opcodes are like the building blocks of the bitcoin network. They provide the necessary tools for executing different operations within a transaction. Some common opcodes include OP_DUP, which duplicates the top stack item, and OP_EQUALVERIFY, which compares the top two stack items and returns true if they are equal. These opcodes are used in various bitcoin scripts to define the conditions under which a transaction can be spent.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, has a comprehensive guide on bitcoin opcodes and their functions. According to their guide, some examples of bitcoin opcodes include OP_CHECKMULTISIG, which is used for multi-signature transactions, and OP_HASH160, which calculates the RIPEMD-160 hash of the top stack item. These opcodes enable more complex transaction types and enhance the functionality of the bitcoin network.