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Bitcoin Basics
How Bitcoin Works
A simple flow diagram showing the journey of a Bitcoin transaction from sender to receiver.
How Bitcoin Works
Alice
(Sender)
Signs TX
Transaction
0.5 BTC
+ Fee
Broadcast
Bitcoin
Network
(Miners)
Confirmed
Bob
(Receiver)
1. Create & Sign
Alice creates a transaction
and signs with private key
2. Verify & Mine
Network verifies signature
Miners add to blockchain
3. Receive
Bob receives Bitcoin
after confirmations
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