Written by Jonald Fyookball.
If you’re a Bitcoiner or crypto-enthusiast, you’ve probably heard this “malleability” issue being discussed and wondered what it’s all about.
Maybe you’ve probably heard a bunch of conflicting ideas and opinions about it too. Let’s break it all down.
There’s different types of malleability, but to make a long story short, if you create a Bitcoin transaction, someone else (such as a miner or exchange) can modify the transaction ID (txid) before it gets put into a block.
What’s a transaction id? Well, think of it as like a “receipt number” for your transaction.
Keep in mind, with malleability, a third party cannot change the recipient of the funds, nor the amount, nor the fee… they can only change the txid.
So what’s the big deal? Hold on, we’re gonna get to that. I want to give