Basics for a new user bitcoin


As a new user, you can start with Bitcoin without understanding the technical details. Once you install a bitcoin wallet on your computer or mobile phone, it will generate your first bitcoin address and you can create new ones whenever you need. You can disclose your addresses to your friends so they can pay you and vice versa. In fact, using Bitcoin is quite similar to exchanging emails, except that Bitcoin addresses should only be used once.

Sales – blockchain The blockchain is a shared, public ledger that the entire Bitcoin network relies on. All confirmed transactions are included in the blockchain. In this way, btcoin wallets can calculate their balances and it is possible to verify that new transactions are spending bitcoins that actually belong to the sender of the payment. The integrity and chronological order of the blockchain is ensured by cryptographic means.

Transactions – private keys A transaction is a transfer of value between Bitcoin wallets that is included in the blockchain. Bitcoin wallets store secret information called a private key or seed that is used to sign transactions, providing mathematical proof that they came from the owner of each wallet. The signature also prevents any modification of the transaction after it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network within 10 minutes by a process called mining

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