Bitcoin works through a combination of technologies and concepts including blockchain, mining, and peer-to-peer networking. To send Bitcoin from one wallet address to another, the following steps are involved:
- Transaction Creation: The sender initiates the transaction by specifying the recipient’s wallet address and the amount of Bitcoin to send.
- Transaction Signing: The sender uses their private key to digitally sign the transaction, proving ownership of the Bitcoin they wish to send.
- Broadcasting: The signed transaction is broadcast to the Bitcoin network, making it available to miners for verification.
- Verification: Miners on the network verify the transaction’s validity, ensuring the sender has enough Bitcoin and the authority to send it.
- Mining: Once verified, the transaction is included in a block of transactions. Miners compete to solve a cryptographic puzzle, and the first miner to solve it adds the new block to the blockchain.
- Confirmation: The transaction is considered confirmed once it’s included in a block on the blockchain. Additional confirmations occur with each subsequent block added, further securing the transaction.
(This message is quoted from Internet information and is not the opinion of this website.)
中文版: 比特币如何运作？