Tuesday, May 14, 2013

How a Bitcoin Transaction Actually Works

At this point, you probably have a working understanding of what bitcoins are (at the very least your handle of bitcoins is like how you can kinda, sorta explain why the sky is blue to a kid). But how does an actual transaction with bitcoins work? That's a bit more complicated. It's not exactly pulling crumpled cash out your pocket and dropping it off at the bodega counter for a soda now is it?

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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/AI5Eyqaz0jc/how-a-bitcoin-transaction-actually-works-504922955

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