What is bitcoin and how does it work for dummies
The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details. Here's a quick explanation! This is only a very short and concise summary of the system.
This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. Here's a quick explanation! These rules prevent previous blocks from being modified because doing so would invalidate all following blocks.
This is a question that often causes confusion. Transactions - private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Here's a quick explanation! If you want to get into the details, you can read the original paper that describes the system's design, read the developer documentationand explore the Bitcoin wiki.