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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Rajya Sabha nomination kerala


രാജ്യസഭയിലേക്ക് നോമിനേറ്റ് ചെയ്യപ്പെട്ട മലയാളികള്‍.

Code:പണിയില്‍ രാമന്‍ ശങ്കരനാണ്. എന്നാല്‍ അബു രംഗത്തു ഗോപിയാണ് .

പണിയില്‍ -സര്‍ദാര്‍ K.M.പണിക്കര്‍(1959).
രാമന്‍ -Dr.G. രാമചന്ദ്രന്‍(1964).
ശങ്കരനാണ് -G.ശങ്കരകുറുപ്പ്(1968).
അബു -അബു എബ്രഹാം(1972).
രംഗത്ത് -കസ്തൂരിരംഗന്‍(2003).
ഗോപി -സുരേഷ്ഗോപി(2016).

രാജ്യസഭയില്‍ നോമിനേറ്റ് ചെയ്യപ്പെട്ട മലയാ...


Regulatory Bodies In India


Please read the below list for the important regulatory bodies in india . This may help you in your preparation for UPSC, SSC, IBPS and State PSC Exams.

Regulatory Bodies Sector Head Headquarters .
AMEI : Association of Mutual Funds Mutual Funds Mr.U.K.Sinha Mumbai .
ASCI : Advertising Standards Council of India Advertising Chairman : Mr. D. Shivakumar Mumbai .
BCCI : Board of Control for Cricket in India Cricket President : Anurag Thakur Mumbai .
BIS : Bureau of Indian Standards Standards & Certification Director General :Surina Rajan New Delhi .
CBFC : Central Board of Film Certification Film/TV Certification & Censorship Chairman : Prasoon Joshi Mumbai .
EEPC : Engineering Export Promotional Council of India Trade and Investment Chairman : Tarvi...


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ആദ്യ കാർട്ടൂൺ മ്യൂസിയം : കായംകുളം .
ആദ്യ തേക്ക് മ്യൂസിയം : വെളിയന്തോട് (നിലമ്പൂർ).
ആദ്യ വാട്ടർ മ്യൂസിയം : കോഴിക്കോട്.
ഇന്ത്യൻ ബിസിനസ് മ്യൂസിയം : ചാലിയം.
കേരളത്തിലെ ആദ്യ ക്രൈം മ്യൂസിയം : തിരുവനന്തപുരം.
കേരളത്തിലെ ആദ്യ പോലീസ് മ്യൂസിയം : കൊല്ലം.
കേരളത്തിലെ ആദ്യ ബാങ്കിഗ് മ്യൂസിയം : തിരുവനന്തപുരം (കവടിയാർ).
കേരളത്തിലെ ആദ്യ സുഗന്ധവ്യഞ്ജന മ്യൂസിയം : കൊച്ചി. LINE...