How do Bitcoin Transactions Work?

Simple version:

If I want to send some of my bitcoin to you, I publish my intention and the nodes scan the entire bitcoin network to validate that I 1) have the bitcoin that I want to send, and 2) haven’t already sent it to someone else. Once that information is confirmed, my transaction gets included in a “block” which gets attached to the previous block – hence the term “blockchain.” Transactions can’t be undone or tampered with, because it would mean re-doing all the blocks that came after.

Read more

What is Bitcoin?

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

Read more

Smart Contracts: Wallet Training

Smart Contracts: Wallet Training

The purpose of this article is to educate you on how to make and use the wallets that is used in Smart Contract projects. But what are smart contracts?

I don’t want to make it difficult to grasp the complex terms, and I’ll deal with it just as we need it in our business. Smart contracts have a lot of applications in our area of ​​business where we can define and develop collective investment projects using smart contracts. These contracts are written in a scripting language that is somewhat similar to JavaScript. These contracts are uploaded to the China Ethereum blockchain platform and no one, even the project manager, can make or modify the code. Therefore it can be said that investing in Contract-based smart projects can be done with greater confidence and security because the project defined by the project manager cannot be changed and the project manager cannot withdraw the funds invested. The project manager will have no option in closed the project. In the following article, we will introduce and train validated wallets on Windows, Android, iOS. Stay with us.

Read more

Satoshi Nakamoto

Who Is Satoshi Nakamoto?

Satoshi Nakamoto is the name used by the creator/s of the protocol used in the Bitcoin cryptocurrency.

Though the name Satoshi Nakamoto is nearly synonymous with Bitcoin, the physical person that name represents has never been found, leading many people to believe that it is a pseudonym for a different person or group of people.

 

Satoshi Nakamoto may not be a real person! The name might be a pseudonym for the creator or creators of Bitcoin who wish to remain anonymous.

Read more