What is Bitcoin and How it Works What is Bitcoin and How it Works


What is Bitcoin and How it WorksWhat is Bitcoin and How it Works



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Bitcoin is a form of digital currency, created and held electronically. It allows you to move money without being traced because all transactions are anonymous. Bitcoins are just lines of computer code that hold monetary value. Those lines of code are created by electricity and computers. Bitcoin was the first crypto coin currency ever invented. Bitcoin’s “creator” is known as Satoshi Nakamoto. They have never been identified.

Bitcoin can be used to buy things electronically. The Bitcoin idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.

How a Bitcoin Transaction Works

If Alice sends some bitcoins to Bob, that transaction will have three pieces of information:

  • An input. This is a record of which bitcoin address was used to send the bitcoins to Alice in the first place (she received them from her friend, Eve).
  • An amount. This is the amount of bitcoins that Alice is sending to Bob.
  • An output. This is Bob's bitcoin address.

How to sent Bitcoin

To send bitcoins, you need two things: a bitcoin address and a private key. A bitcoin address is generated randomly and is simply a sequence of letters and numbers. The private key is another sequence of letters and numbers, but unlike your bitcoin address, this is kept secret.

When Alice wants to send bitcoins to Bob, she uses her private key to sign a message with the input (the source transaction(s) of the coins), amount, and output (Bob’s address).

She then sends them from her bitcoin wallet out to the wider bitcoin network. From there, bitcoin miners verify the transaction, putting it into a transaction block and eventually solving it.

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Confusing facts for PSC Exams Part 1

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അദ്വൈത ദീപിക  എന്ന കൃതി എഴുതിയത്  -  ശ്രീനാരായണഗുരു .
അദ്വൈത ദർശനം  എന്ന കൃതി എഴുതിയത്  - ശങ്കരാചാര്യ.
അദ്വൈത ചിന്താ പദ്ധതി എന്ന കൃതി എഴുതിയത്  - ചട്ടമ്പിസ്വാമി.
അദ്വൈത ആശ്രമം സ്ഥാപിച്ചത് - ശ്രീനാരായണഗുരു.
അസ്ഥികളെ തമ്മിൽ യോജിപ്പിക്കുന്ന ഭാഗം - സ്നായുക്കൾ  .
അസ്ഥിയെയും,പേശിയെയും തമ്മിൽ ബന്ധിപ്പിക്കുന്ന ഭാഗം - ടെൻഡൻ. .
മനുഷ്യശരീരത്തിൽ ഏറ്റവു...

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GK പഠനത്തിനു സഹായകരമായ കോഡുകൾ

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1) ഇന്ത്യയിലെത്തിയ വിദേശികൾ അവർ വന്ന ക്രമത്തിൽ = PDEF .

Portagese, Dutch,English, French.


2) വൈറ്റമിനുകൾ.

കൊഴുപ്പിൽ ലയിക്കുന്നവ= ADEK.

ജലത്തിൽ  ലയിക്കുന്നവ = BC.


3) കൂടുതൽ States അധികാരപരിധിയിലുള്ള ഹൈകോടതി = ഗുഹാവതി. ഏതൊക്കെ?.

States  Code = MAAN ( മിസോറം,അരുണാചൽപ്രദേശ്, അസം,നാഗാലാൻഡ്‌ ).


4) യുദ്ധങ്ങൾ അവസാനിപ്പിച്ച സന്ധികൾ.

കർണാട്ടിക് യുദ്ധങ്ങൾ...

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Father of.

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Father of cloning = Ian Wilmut.
Father of computer = Charles Babbage.
Father of computer science = Alan Turing.
Father of Co-operation = Robert Owen.
Father of economics = Adam Smith.
Father of English Poetry = Geoffrey Chaucer.
Father of Essay = Montaigne.
Father of Genetics = Gregor Mendel.
Father of Greek Democracy = Clesthenes.
Father of Green Revolution = Norman Borlaug.
Father of history = Herodotus.
Father of internet = Vint Cerf.
Father of Jurisprudence = John Locke.
Father of Modern Cartoon = William Hogarth.
Father of Modern Tourism = Thomas Cook.
Father of Nuclear Physics = Rutherford.
Father of Printing = Guttenberg.
Father of psychology =  Wilhelm Wundt.
Father of Reformation = Martin Luther King.
Father of Renaissance = Petrarch.
Father of Science = Galileo Galilei. LIN...

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