Cryptocurrency Q&A
What happens when you pay someone in Bitcoin?
What happens when you pay someone in Bitcoin?
BusanBeautyBlooming
Wed Dec 18 2024
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6 answers
1520
I want to know what occurs, what are the steps or processes involved, and what are the potential outcomes or impacts when I make a payment to someone using Bitcoin.
6 answers
KatanaSharp
Thu Dec 19 2024
All transaction details are recorded in a public digital ledger.
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GangnamGlitzGlamourGloryDays
Thu Dec 19 2024
Bitcoin transactions represent the transfer of bitcoins from one party to another.
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emma_anderson_scientist
Thu Dec 19 2024
These transactions are authenticated through digital signatures that utilize cryptography.
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Federica
Thu Dec 19 2024
This ledger is commonly referred to as the 'blockchain'.
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MountFujiMysticalView
Thu Dec 19 2024
Once signed, the transactions are broadcasted to the entire Bitcoin network.
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