erastolahi


SUBMITTED BY: erastolahi

DATE: June 6, 2017, 8:29 p.m.

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  1. Bitcoin mining is the process of Putting together transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain. The block chain serves to confirm transactions to the rest of the network that have taken place.
  2. Bitcoin nodes use the block chain to differentiate legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent anywhere.

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