Cryptocurrency Q&A
How the heck does Bitcoin work?
How the heck does Bitcoin work?
CryptoVisionary
Wed Dec 04 2024
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7
answers
2002
I've been hearing a lot about Bitcoin recently and I'm really curious about how it actually works. I know it's a digital currency, but how does it function? How are transactions processed and secured? I'm completely new to this, so any explanation would be great.
7 answers
Carolina
Fri Dec 06 2024
Assignment of the token to an individual is facilitated through their public key.
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BlockchainBrawler
Fri Dec 06 2024
When a transaction occurs, ownership of the bitcoin shifts to another person.
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DigitalDuke
Fri Dec 06 2024
This transfer takes place by directing the Bitcoin to the recipient's public key.
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lucas_clark_artist
Fri Dec 06 2024
Bitcoin essentially serves as a digital token that signifies value.
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Daniele
Fri Dec 06 2024
This token exists in a virtual form and is not tangible.
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