I think valid It is generally a somewhat vague term. On the one hand, nodes validate transactions using a list of criteria. If all criteria are met, the transaction is considered valid. One such criteria is:For each input, there must be an output to be referenced and is not available yet” (Anthonopoulos, Bitcoin Masterp. 235). Therefore, if all inputs in a new transaction are UTXOS, the criteria are checked.
At the same time, when discussing “51% attacks,” Antonopoulos states:The more confirmations you get, the more difficult it will be to disable transactions with 51% of attacks.This means that chain reorganization can invalidate transactions.
Therefore, from the miner’s perspective, transaction validity is a binary property. However, from a broader network perspective, it is probabilistic.
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