Bitcoin Forum
October 15, 2018, 04:15:25 PM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
   Home   Help Search Donate Login Register  
Pages: [1]
Author Topic: Is it possible to transfer bitcoin from one wallet to another without miners?  (Read 75 times)
Offline Offline

Activity: 123
Merit: 10

View Profile
November 14, 2017, 05:06:58 PM

I have really limited knowledge about it, I am going to share what I understand about this topic first and need your help/opinion to understand it properly

When we are doing a transaction what miners are doing is they are registering it in a block that they have newly discovered by solving bitcoin algorithm (SHA256)
And this process it known as PoW

What is the function of Bitcoin nodes here? Listing the block (transactions) in database ?

How node are collecting data and where it is collecting its data from ?

BTCitcoin: 35DtMsEK1g1xVMKh4V7beAyguiU9qcHwtF  || ETH: Hacked Sad
Pages: [1]
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!