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Bitcoin : Tech question about bitcoin: how efficiently are transactions put together?

Bitcoin : Tech question about bitcoin: how efficiently are transactions put together?


Pardon my ignorance on this.

When you have a block and it contains a transaction, like pay to private key hash (address beginning with “1”?) then that means that each input is specified, along with a hashed key that matches up, and then the outputs go to one or more addresses etc…

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Are the addresses literally specified out, or are they something shorter, like which block were they last specified in, and which specific transaction were they in that block? Just curious if block space is hugely wasted already or if you have a full node if the blocks are already very very compact. Addresses and their scripts are pretty long, but a reference to which block and output in that block you refer to is quite short (just a few bytes).

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Thanks




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