Cryptocurrency Q&A
What is proof of transaction Bitcoin?
What is proof of transaction Bitcoin?
GeishaMelody
Mon Dec 23 2024
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7 answers
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I need to understand what qualifies as proof of a Bitcoin transaction. Is it a specific document, code, or some other form of verification that can confirm a Bitcoin transaction has occurred?
7 answers
HanjiArtistryCraftsmanship
Wed Dec 25 2024
The network comprises a decentralized group of computers that verify the transactions.
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SejongWisdomSeeker
Wed Dec 25 2024
Various consensus mechanisms are employed to add transactions to the blockchain.
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GangnamGlitter
Wed Dec 25 2024
Cryptocurrency transactions utilize digital signatures created through cryptography.
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KimonoGlory
Wed Dec 25 2024
These signatures authenticate the transactions and ensure their validity.
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charlotte_wilson_coder
Wed Dec 25 2024
Proof of Work (PoW) is one such mechanism that involves solving complex mathematical problems.
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