Questions tagged [bitcoin transaction]

Caterina Sun Jul 21 2024 | 5 answers 1378

Hello, I'm considering a Bitcoin transaction but I'm a bit concerned about the safety of my funds. Could you please explain to me in simple terms if it's possible to get my money back if something goes wrong? I've heard about the decentralized nature of Bitcoin and its immutability, but I'm still not entirely sure how that translates into the possibility of retrieving funds in case of a mistake or fraud. Any clarity you could provide would be greatly appreciated as I'm new to this space and want to make sure I understand the risks before proceeding.

Maria Fri Jul 19 2024 | 6 answers 1493

Could you elaborate on the specifics of how much money Satoshi Nakamoto, the pseudonymous creator of Bitcoin, actually receives from a Bitcoin transaction? It's widely believed that Nakamoto holds a significant number of bitcoins, but the exact amount and how those bitcoins are transacted remain a mystery. Does he personally collect the proceeds from each transaction involving his bitcoins? If so, how is that process handled and tracked? Are there any public records or documentation available that detail these financial transactions? I'm curious to understand the financial implications for Nakamoto, if indeed he is still active in the bitcoin community.

Elena Wed Jul 17 2024 | 6 answers 1474

When considering the irreversibility of a Bitcoin transaction, it's essential to understand the concept of confirmations. Could you elaborate on how many confirmations are typically required to consider a Bitcoin transaction as irreversible? I'm aware that the number of confirmations can vary depending on the network conditions and the level of security desired, but I'm seeking a general guideline. Understanding this threshold is crucial for me to make informed decisions regarding the timing and security of my Bitcoin transactions.

Ilaria Tue Jul 16 2024 | 5 answers 1157

I don't understand this question. Could you please assist me in answering it?

WhisperVoyager Mon Jul 15 2024 | 6 answers 1085

As a keen observer of the cryptocurrency landscape, I'm curious about the intricacies of bitcoin transactions. Could you elaborate on what occurs when a bitcoin transaction fails to be verified? Is it simply rejected, or does it remain in limbo, awaiting further confirmation? Does the unverified transaction pose any risk to the user or the bitcoin network at large? And finally, are there any measures taken by miners or the bitcoin protocol to prevent or address such unverified transactions? Your insights into this matter would be greatly appreciated.