Next, Joe has to figure out the exchange rate so that he can give the correct amount of bitcoin to Alice. There are hundreds bitcoin capitolo applications and web sites that can provide the current market rate, here are some of the most popular: At that rate he should give Alice 0. He is presented with a screen requesting two inputs: Bitcoin mobile wallet - Send bitcoin screen In the input field for the bitcoin address, there is a small icon that looks like a QR code.
The mobile wallet bitcoin capitolo fills in the bitcoin address and Joe can check that it scanned correctly bitcoin capitolo comparing a few digits from the address with the address printed by Alice.
Joe then enters the bitcoin capitolo value for the transaction, 0. He carefully checks to bitcoin capitolo sure he has entered the correct amount, as he is about to transmit money and bitcoin capitolo mistake could be costly. As the transaction is transmitted via the peer-to-peer protocol, it quickly propagates across the bitcoin capitolo network. If Alice has a smartphone or laptop with her, she will also be able to see the transaction. The bitcoin ledger - a constantly growing file that records every bitcoin transaction that has ever occurred - is public, meaning that all she has to do is look up her own address.
She can do this quite easily at the blockchain. The website will show her a page https: If Alice is watching that page, it will update to show a new transaction transferring 0.
Bitcoin capitolo means that the transaction has been propagated to the network but has not yet been included in the bitcoin transaction ledger, known as the blockchain. Alice is now the proud owner of 0. In the next chapter we will look bitcoin capitolo her first purchase with bitcoin bitcoin capitolo examine the underlying transaction and propagation technologies in more detail. I am a robot. I just upvoted you!
I found similar content that readers might be interested in: Continued from chapter 1. Chapter 2 Next, Joe has to figure out the exchange rate so that he can give the correct amount of bitcoin to Alice. The bitcoin ledger - a constantly growing file that records every bitcoin transaction that has ever occurred - is public, meaning that all she has to do is look up her own address and see if any funds have been sent to it. Authors get paid when people like you upvote their post.
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