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How Does Bitcoin Actually Work?
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How the Bitcoin Protocol Actually Works
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- 1 Introduction
- 2 How Does Bitcoin Actually Work?
- 3 What is Bitcoin?
- 4 Bitcoin Solves Two Things
- 5 Distribution of Funds
- 6 The Block Chain
- 7 Introducing SHA-256
- 8 The Difficulty Adapts
- 9 Block Propagation
- 10 Forks are Normal 1
- 11 Bitcoin Public/Private keys
- 12 Bitcoin Addresses
- 13 Transactions simplified
- 14 Creating a Transaction 4/7
- 15 Transaction Relaying
- 16 Transactions in Forks 1
- 17 Transactions in Forks 2
- 18 Properties of Bitcoin 1/3
- 19 Properties of Bitcoin 3/3
- 20 Block Chain Tech is New