Crypto Basics #4: How Does a Bitcoin Transaction Work? 💸
When you send Bitcoin, the transaction is broadcast to the Bitcoin network.
Network participants verify the transaction and add it to the blockchain.
Once confirmed, the transaction becomes part of Bitcoin’s permanent public record.
No bank is required to approve the transaction.
Simple idea:
You → Bitcoin Network → Verification → Blockchain → Receiver
#Bitcoin #CryptoEducation #CryptoBasics #Blockchain #Binance
When you send Bitcoin, the transaction is broadcast to the Bitcoin network.
Network participants verify the transaction and add it to the blockchain.
Once confirmed, the transaction becomes part of Bitcoin’s permanent public record.
No bank is required to approve the transaction.
Simple idea:
You → Bitcoin Network → Verification → Blockchain → Receiver
#Bitcoin #CryptoEducation #CryptoBasics #Blockchain #Binance