Can you explain it in layman's term and give a simple explanation what/how bitcoin transaction works?

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Sure thing. Imagine Bitcoin like digital cash. You get some (buy or mine), then you can send it to someone, just like handing over a bill.

Each transaction's recorded in a public ledger – the blockchain.

Simple as that! Digital cash from one pocket to another. πŸ‘›πŸ’»βž‘οΈπŸ‘–

What is the difference between transaction hash and btc transaction receipts?