blockchain

How the Bitcoin protocol actually works

From http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ Many thousands of articles have been written purporting to explain Bitcoin, the online, peer-to-peer currency. Most of those articles give a hand-wavy account of the underlying cryptographic protocol, omitting many details. Even those articles which delve deeper often gloss over crucial points. My aim in this post is to explain the major ideas behind… Continue reading How the Bitcoin protocol actually works