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Understanding Bitcoin Transactions

In this article we will discuss the complex issue of a Bitcoin transaction. Bitcoins are exchanged and transferred digitally through a computer generated code. To ensure that these transactions are completed safely and securely users use keys. Two keys are always required for any transaction: Public Key Private Key The public key is the one that is used for the actual transfer of the Bitcoin. Because this key is public it allows anyone to verify the transaction. Before the transfer can take place the senders account is […]

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