Skip to content Sirus Shahini How Bitcoin transactions work July 16, 2017 Cyrus.Sh Cryptograhpy Introduced in 2009, bitcoin appeared as the most remarkable digital cryptocurrecy. The theory behind bitcoin is to how to send some amount of money to someone directly without the need for any intermediary and in a secure manner which both guarantees the integrity of the payment data and its authorization. Unfortunately the official documents are difficult for many people and developers who are not familiar with the concept. In this post, with a simple literature I tried to clarify bitcoin transactions as simple as possible. It is expected the reader would assimilate the exact idea behind bitcoin transactions and authorization system after reading the post thoroughly . So please read till the end of if you are interested. Bitcoin transactions use a peer-to-peer system to transfer digital coins. It may be interesting to know there is actually not any records of the coins stored anywher
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