hi bitcoin community!
I'm trying to understand bitcoin and start mining.
bitcoin core is designed to find one block every ten minutes. that means one transaction every ten min., correct?
how can this work for a global currency network? IMO there must be the capability of millions of transactions every 10min?
do I understand this wrong?
thanks for help,
Daniel
The part in bold is not correct (if I'm wrong who want can correct me). Or better, is not correct the meaning of OP about what is a transaction. A transaction is every action with bitcoin made by everyone who own bitcoin and use it in whatever way. Every use of an bitcoin or part of it (satoshi in all its amount possible), every move of the previous, from one point to another create a transaction. The entirely amount of transactions create blocckchain. These transaction have a qualitative difference compared to all the movement of the data in internet. Go directly where are send and not going before at an server like do every kind of data which use the actual technology (structure, build) of internet. All this thanks to the technology used to build bitcoin and its movement named peer to per.