Bitcoin How does it work?

As a new user, without understanding the technical information you can get started Bitcoin If you install Bitcoin wallet on your computer or mobile phone, this will generate your first Bitcoin address and you can create more when you need it. You can tell your friends your address so that you can pay them or they can pay you. In fact, it works like email, the difference is that the address can be used only once Block chain depends complete Bitcoin network public share book keeping on. All confirmed transactions are included in the block chain. Thus, Bitcoin wallet expenses can be calculated balance that can and are owned by those who actually spend that much bitcoins to learn can be verified new transactions. Integrity of the block chain and serial command encryption. Apply with.Lane - transaction transfer value between Bitcoin wallets, which are included in the block chain. Bitcoin Wallet hides data which are used to sign transactions, which is called private key or seeds, that's the testimony that came from the owner's wallet. Signature after Once the transaction - the transaction, preventing it from being changed by anyone. There are broadcast to all users transactions and confirmed by the inside network in 10 minutes, says Mining of which through the process Confirmed block Chen stayed that Mining / Mining adds deliver compatibility system transaction involving them. It is applied successively in order to block the chain, preserve the neutrality of the network, and allows for an agreement on different computers in state system. In Chahiablok be packed transactions to confirm that fit in very stringent cryptographic rules and will be verified by the network. These rules will cancel all the blocks because doing so would prevent it from being modified previous blocks. Is set equal competitive lottery Mining prevents connecting consecutively in any individual blocks series easily new block. That way, no one person is included in the block chain could not control it or change to replace parts of the block chain to roll back their own spending.