How a Bitcoin Transaction Actually Works

At this point , you belike have a bring understanding of what bitcoins are ( at the very least your hold of bitcoins is like how you could kinda , sorta explicate why the sky is blue to a kid ) . But how does an actual transaction with bitcoins work ? That ’s a bit more complicated . It ’s not precisely pull in tumble cash out your pocket and dropping it off at the bodega counter for a tonic now is it ?

There are a lot of steps in a bitcoin transactions that involves billfold , addresses , substantiation , coding , a whole lotta computer mind power and a caboodle of other term you do n’t always equate to drop moolah .

Here ’s how it work ( and you should get through Expand to get all the nitty gritty ):

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