HOW #BITCOIN WORKS (in 20 seconds or less.)

A transaction (TX) from A to B is broadcast over the internet where nodes distributed around the globe receive it and it’s placed in the ‘mempool.’ Miners add it to a block of TXs and use computing power to ‘validate’ that block. Then the TX is added to the ‘blockchain’ and PRESTO! B has received bitcoin from A.

(I’d recommend spending an additional 10,000 hours to search this more deeply.)

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