|
Title: Bitcoin work Post by: srs1234 on June 13, 2018, 04:59:19 AM Bitcoin works by recording every transaction that takes place on its network in all nodes of the network. This redundancy ensures that a bad actor cannot change or delete a transaction by undermining a single point of failure.
Each user of the Bitcoin system has a public-private encrypted key pair, and use their public keys as their account number or address. For instance, if Alice sends Bob one Bitcoin, she will send it to Bob’s public key address. Transactions themselves are validated and added to the blockchain ledger through a process called “mining,” which also is the method by which new Bitcoins are introduced to the system. Title: Re: Bitcoin work Post by: BitcoinNewbie15 on June 13, 2018, 05:02:51 AM This forum has been receiving a ton of plagiarism lately. I will cite it for you, next time please cite your sources instead of plagiarising them: http://time.com/money/5115158/the-10-most-commonly-googled-questions-about-bitcoin-answered/ OP got this from #5 on the article.
Also, what is your poll supposed to even mean and why is a poll necessary? |