How bitcoin works Q&A Could a state sponsored 51% attack work


how bitcoin works A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.

how bitcoin works Each Bitcoin is basically a computer file which is stored in a ‘digital wallet’ app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

Miners, hashes, keys, cold storage, blocks – it’s confusing. We can help you understand how bitcoin works.

CREATE A FREE COINBASE ACCOUNT HERE
https://www.coinbase.com/join/54c7e6748fc38dbf78000115

CREATE A FREE BINANCE ACCOUNT HERE
https://www.binance.com/?ref=25927313

SUBSCRIBE HERE FOR MORE VIDEOS
https://www.youtube.com/channel/UCvinwaRo9Mm2Cc7HcSoyxHQ?sub_confirmation=1

LEAVE A REPLY