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Bitcoin – BTC

Get the latest information related to Bitcoin – BTC. The cryptocurrency market movements that an investor is interested in

Is Bitcoin and other Cryptocurrencies legal?

The legality of Bitcoin and other cryptocurrencies depends mainly on the country you living and what you would do with it. Governments are trying to control the risks and make use of Bitcoin, balancing between consumer protection, anti-criminal activity and encouraging innovation. The risks to the governments may be different, …

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Who is Satoshi Nakamoto – the father of Bitcoin?

Satoshi Nakamoto - Father of Bitcoin

From when Bitcoin was born to present when it is accepted as the first digital currency and is used widely in e-commercial transactions, online transactions, the name “Satoshi Nakamoto” has been always the most considerable name. According to many information resources, Satoshi Nakamoto is the one that invents Bitcoin in …

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How does a Bitcoin transaction work?

How does a Bitcoin transaction work

The first thing to understand is that Bitcoins or cryptocurrencies don’t actually exist. Get your head around that – the only thing that exists is a record of their transactions – essentially a form of Debit or Credit– they are completely intangible. This isn’t too different from traditional money which …

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What is a Bitcoin Double Spend and how does it work?

What is a Bitcoin Double Spend and how does it work

A double spend is where two different transactions sent into the Bitcoin network are trying to spend the same account balance. Bitcoin naturally defends against this by confirming which the transaction which is included in a block first. If two transactions are sent into the network using the same private …

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What happens to a Bitcoin transaction?

What happens to a Bitcoin transaction

A bitcoin transaction first has to be confirmed by the network. It is constantly passed around the network and each full node checks to see whether, subject to some criteria, it is a valid transaction. When the transaction is verified it is then placed in a transaction pool. At this …

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Bitcoin transaction: Multi signature transaction

Bitcoin transaction: Multi signature transaction

A multi-signature transaction is a bitcoin transaction that needs more than one key to verify. This kind of transaction needs at least m of the private keys corresponding to given n regular addresses have to sign a transaction to handle the transaction. At present, a Bitcoin protocol limits the number …

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What is the Bitcoin blocks?

What is the Bitcoin blocks

One Bitcoin Block contains all the data needed to verify the transaction and make it possible to trace the previous block in the Blockchain. The size of a block simply is how many bytes that one block contains, which is shaped by the number of transactions. You could have a …

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