Try our "Help Me AI"
Results 1 to 7 of 7

Thread: Do you know How do bitcoin transactions work?

  1. #1
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60

    Do you know How do bitcoin transactions work?

    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?
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

  2. #2
    Status
    Offline
    Shana's Avatar
    Reputed Member
    Join Date
    Apr 2018
    Posts
    757
       Rep Power
    17
    Quote Originally Posted by Bhavya View Post
    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?
    Try this link. I have tried explaining the whole procedure in the easiest way possible. Let me know if you've any doubts.
    What is Blockchain Technology?

  3. #3
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60
    Quote Originally Posted by Shana View Post
    Try this link. I have tried explaining the whole procedure in the easiest way possible. Let me know if you've any doubts.
    What is Blockchain Technology?

    Thank you so much for sharing this very informative article here.I gathered lots of knowledge from it.Once again thank you very much.
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

  4. #4
    Status
    Offline
    Moana's Avatar
    Reputed Member
    Join Date
    May 2018
    Location
    Vavuniya Srilanka
    Posts
    1,569
    Blog Entries
    5
       Rep Power
    18
    Quote Originally Posted by Bhavya View Post
    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.
    Your Last Mistake Is Your Best Teacher

  5. #5
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60
    Quote Originally Posted by Moana View Post
    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.
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

  6. #6
    LynseyMurray
    LynseyMurray's Avatar
    The first and most important question is why do you need to find it? If just for curious, the answer will be one. But if you want to get high profit, you can simply start from https://3commas.io/blog . This is the largest base of knowledge on cryptocurrency I've ever seen. I can speak so, because I read a lot of them while start.

  7. #7
    Status
    Offline
    Bhavya's Avatar
    Administrator
    Join Date
    Apr 2018
    Location
    Vavuniya, Srilanka
    Posts
    7,687
    Blog Entries
    50
       Rep Power
    60
    Quote Originally Posted by LynseyMurray View Post
    The first and most important question is why do you need to find it? If just for curious, the answer will be one. But if you want to get high profit, you can simply start from https://3commas.io/blog . This is the largest base of knowledge on cryptocurrency I've ever seen. I can speak so, because I read a lot of them while start.
    Yeah I just want to know about bitcoin and cryptocurrency for a knowledge purpose,Thanks for sharing this information here, So, Are you into cryptocurrency business?
    You're not going to master the rest of your life in one day. Don't stress. Master the day. Make this a daily reminder.

Similar Threads

  1. Is Blockchain the future of online transactions?
    By Bhavya in forum Blockchain and Cryptocurrency
    Replies: 0
    Last Post: 11-29-2019, 05:10 PM
  2. Which is the best payment processor for small transactions?
    By Bhavya in forum Payment Processing
    Replies: 2
    Last Post: 02-23-2019, 09:51 AM
  3. Are you safe in Online Transactions
    By Assassin in forum Security
    Replies: 0
    Last Post: 08-11-2018, 04:53 PM
  4. Replies: 5
    Last Post: 07-11-2018, 05:48 PM
  5. Will block-chain based transactions explode the internet?
    By Helena in forum Blockchain and Cryptocurrency
    Replies: 2
    Last Post: 06-26-2018, 10:50 PM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Who We Are

The Hub Sri Lanka is an online community portal for all the Sri Lankan digital Citizen's to enthusiastically learn and connect with the society by enormously increasing their knowledge and careers through an extensive collaborative marketplace.

Join us
RSS RSS 2.0 XML MAP HTML