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How a Bitcoin transaction works (infographic)


To send bitcoins, you need two things: a bitcoin address and a private key. Sender sends an amount by using a bitcoin wallet to receivers public key. From there, bitcoin miners verify the transaction, putting it into a transaction block and eventually solving it. And they get a reward in order to solving blocks.

At the end sender gets happy, receiver gets happy and miners get happy - it's a win win for all.


Just in case if would like to donate some bitcoins: 13xcAUiHHNhgrS73Lb27EBc1eSKAiSDeL1

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