How do ordinal Bitcoin transactions work?

3 answers

• Jan 12, 2022 · 3 years ago
  Sure! Ordinary Bitcoin transactions work by allowing users to send and receive Bitcoin from one wallet to another. When a transaction is initiated, it is broadcasted to the Bitcoin network, where it is verified by miners. Miners include the transaction in a block, and once the block is added to the blockchain, the transaction is considered confirmed. This process ensures the security and integrity of Bitcoin transactions.
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• Jan 12, 2022 · 3 years ago
  Ordinary Bitcoin transactions are like sending an email. You have a sender (the person who initiates the transaction) and a recipient (the person who receives the Bitcoin). The sender creates a transaction by specifying the recipient's Bitcoin address and the amount of Bitcoin to be sent. The transaction is then signed with the sender's private key to prove ownership. Once the transaction is broadcasted to the network, miners validate and include it in a block. The transaction is considered confirmed when it is included in a block and added to the blockchain.
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• Jan 12, 2022 · 3 years ago
  When it comes to ordinary Bitcoin transactions, it's all about trust and verification. The sender creates a transaction and signs it with their private key to prove ownership. Miners then verify the transaction and include it in a block. This block is added to the blockchain, which serves as a public ledger of all Bitcoin transactions. Once the transaction is confirmed, the recipient can access the Bitcoin sent to them. It's a decentralized and secure way of transferring value.
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