How Bitcoin Works Fundamentals – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

The Wall Street Analyst’s Intro to Bitcoin:

  1. The Dimensions of Money
  2. What Bitcoin Does
  3. How Bitcoin Works
  4. The Monetary Properties of Bitcoin

How Bitcoin Works

Bitcoin can send transactions and incorporate them into a public blockchain which serves as a ledger. Bitcoin is valuable because we can be certain the transactions included in the ledger are legitimate and not fraudulent. We can be certain they are not fraudulent because of the size of the Bitcoin network. This chapter will explain how the decentralized network incentivizes independent participants to organize and create legitimate transactions on the blockchain.

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