Author

Topic: How does blockchain and bitcoin transactions work? (Read 201 times)

newbie
Activity: 25
Merit: 1
September 29, 2017, 02:00:33 AM
#1
https://www.coindesk.com/information/how-do-bitcoin-transactions-work/

What does a transaction look like?
If Alice sends some bitcoins to Bob, that transaction will have three pieces of information:
An input. This is a record of which bitcoin address was used to send the bitcoins to Alice in the first place (she received them from her friend, Eve).
An amount. This is the amount of bitcoins that Alice is sending to Bob.
An output. This is Bob's bitcoin address.
-> This website answers the question above.

How do we crack blocks to trace back to the input where we can earn bounties by joining pools?
Please advice thanks Smiley
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