Thread: Do you know How do bitcoin transactions work?

Originally Posted by Bhavya

Hello Friends,

Bitcoin is a type of digital currency in which encryption techniques are used to regulate the generation of units of currency
and verify the transfer of funds,operating independently of a central bank.


Can someone explain me how do bitcoin transactions work?

This transaction can be validated – that is, it can be confirmed that I own the bitcoin that I am transferring to you, and that I haven't already sent it to someone else – by plugging the signature and my public key (which everyone knows) into the bitcoin program.

Originally Posted by Moana

This transaction can be validated – that is, it can be confirmed that I own the bitcoin that I am transferring to you, and that I haven't already sent it to someone else – by plugging the signature and my public key (which everyone knows) into the bitcoin program.

Above you said how can we validated the transaction, Thanks for sharing this information.