How Does The Blockchain Work?

1.	How Does The Blockchain Work?
Answer» The blockchain records all of the newly minted bitcoins rewarded to miners who find blocks. Blocks are sets of sent/received TRANSACTIONS that miners confirm for the network. As these actions take place within the BITCOIN PROTOCOL the blockchain ACTS as a ledger of account for all transactions undertaken within the Bitcoin network. The blockchain records all of the newly minted bitcoins rewarded to miners who find blocks. Blocks are sets of sent/received transactions that miners confirm for the network. As these actions take place within the Bitcoin protocol the blockchain acts as a ledger of account for all transactions undertaken within the Bitcoin network.

Answer»

The blockchain records all of the newly minted bitcoins rewarded to miners who find blocks. Blocks are sets of sent/received TRANSACTIONS that miners confirm for the network. As these actions take place within the BITCOIN PROTOCOL the blockchain ACTS as a ledger of account for all transactions undertaken within the Bitcoin network.

The blockchain records all of the newly minted bitcoins rewarded to miners who find blocks. Blocks are sets of sent/received transactions that miners confirm for the network. As these actions take place within the Bitcoin protocol the blockchain acts as a ledger of account for all transactions undertaken within the Bitcoin network.

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