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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Important Revolts in Kerala

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കേരളത്തിലെ പ്രധാന കലാപങ്ങൾ Revolt Year .
Attingal Revolt 1721 .
Channar Revolt 1859 .
Guruvayoor Satyagraha 1931 .
Kallumala Agitataion 1915 .
Kayyur Revolt 1941 .
Kurichiya Revolt 1812 .
Nivarthana Agitation 1932 .
Punnapra Vayalar Revolt 1946 .
Salt Satyagraha 1930 .
Vaikkom Satyagraha 1924 .
അരുവിപ്പുറം പ്രതിഷ്ഠ 1888 .
അവസാനത്തെ മാമാങ്കം 1755 .
ആറ്റിങ്ങൽ കലാപം 1721 .
ഈഴവ മെമ്മോറിയൽ 1896 .
ഈഴവ മെമ്മോറിയൽ 1896 .
കയ്യൂർ സമരം 1941 .
കുണ്ടറ വിളംബരം 1809 .
കുറിച്യർ ലഹള 1812 .
കുളച്...

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Important Government Schemes and Yojanas Abbreviations

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AMRUT : Atal Mission For Rejuvenation & Urban Transformation.
APY : Atal Pension Yojana.
BBBP YOJANA : Beti Bachao, Beti Padhao Yojana.
CAD : Current Account Deficit.
CBS : Core Banking Solution.
CORE : Centralized Online Real Time Exchange.
CPI : Consumer Price Index.
DGK : DailyGKZone Telegram Channel.
DICGC : Deposit Insurance and Credit Guarantee Corporation.
DIDF : Dairy Processing and Infrastructure Development Fund.
EDF : Electronic Development Fund.
HRIDAY : Heritage City Development & Augmentation Yojana.
KVKs : Krishi Vigyan Kendras.
KVP : Kisan Vikas Patra.
LTIG : Long Term Irrigation Fund.
M-SIPS : Modified Special Incentive Package Scheme.
MGNREGA : Mahatma Gandhi National Rural Employment Guarantee Act.
MIF : Micro Irrigation Fund.
MSK : Mahila Shakti Kendra.
MSMEs : Micro, Sm...

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National Highways in Kerala

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കേരളത്തിലെ ദേശീയപാതകൾ NH No. Route .
NH 66 Thalappady - Parassala .
NH 544 Valayar - Edappally .
NH 85 Bodimettu - Kundannoor .
NH 183 Kollam - Sasthamkota-Chengannur-Kottayam-Vandiperiyar-Kumily .
NH 183A Sasthamkota - Adoor - Pathanamthitta - Vandiperiyar .
NH 185 Adimali -Cheruthoni- Painavu -Kumily (NH 183) .
NH 744 Kollam - Aryankavu .
NH 766 Kozhikode - Muthanga .
NH 966 Ramanattukara - Palakkad .
NH 966A Kalamassery - Vallarpadam .
NH 966B Kundannoor - Willington Island .



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