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How Do Bitcoin Transactions Work Step by Step?
A Bitcoin transaction is the process of moving coins from one set of addresses to another. Here is the high level flow. 1. You create ...
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What Is Proof of Work in Bitcoin and How Does It Secure the Network?
Proof of Work (PoW) is the mechanism Bitcoin uses to secure the blockchain and choose which version of history is valid. In PoW, miners compete ...
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What Is On-Chain vs Off-Chain in Bitcoin? Key Differences Explained
In Bitcoin, on-chain and off-chain describe where a transaction or piece of data is recorded and enforced. On-chain means: Examples of on-chain activity: Off-chain means: ...
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What Is the Bitcoin Blockchain? Explained in Plain English
The Bitcoin blockchain is a special type of database that records every transaction ever made with Bitcoin. It is called a “block chain” because it ...
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