HOW DOES
WORK?
WORK?
Rules not Rulers
tik-tok/
/next block
/next block
Bitcoin uses
proof-of-work
,
public-key cryptography
and
peer-to-peer networking
, to process and verify payments in a global, distributed,
online ledger.
Cryptography
(noun) /krɪpˈtɑːɡrəfi
: the enciphering and deciphering of messages
in secret code or cipher
: the computerized encoding and
decoding of information
: the enciphering and deciphering of messages
in secret code or cipher
: the computerized encoding and
decoding of information
~ Merriam Webster Dictionary
Hashing
(verb) /ˈhæʃɪŋ/
: a method of encryption
: the process of using a mathematical algorithm against
data to produce a numeric value (a hash digest)
that is representative of that data.
: a method of encryption
: the process of using a mathematical algorithm against
data to produce a numeric value (a hash digest)
that is representative of that data.
~ crsc.nist.gov
Remember:
The bitcoin ecosystem includes >>
bitcoin:
the digital monetary asset
Bitcoin:
the
payment network
of miners and nodes
1 bitcoin = 100,000,000 satoshi (sat)
(Bir bitcoin'in kesri olan sat'ları satın alabilirsiniz)