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[Dagov]

What are Bitcoin transactions' fundamental workings?
The sending address is an element in the amount that is included in every Bitcoin transaction. The result of the transaction is the address of the recipient, and private keys are used to deduct Bitcoin from a user's account. In essence, the Bitcoin network functions as a system that keeps track of every transaction that has ever taken place on it.

 

[Wisdom01]

Inputs, outputs, and an amount are the three essential components of a Bitcoin transaction. The addresses from which money is transmitted are represented by inputs, while the addresses that receive it are represented by outputs. The total volume of coins being sent constitutes the amount.

Yeah these are really the essential parts of Bitcoin ,the address the coin is actually been sent to really thus matters as it is actually part of the fundamentals of Bitcoin , based on my observation

 

[Oluwatoyin]

Bitcoin transactions are the process by which bitcoins are transferred between two parties in the Bitcoin network. Here's a simplified explanation of how it works:

Sender initiates the transaction: The sender creates a new transaction request using a Bitcoin wallet application. This transaction request includes the recipient's Bitcoin address and the amount of bitcoin to be sent.

 

[Wisdom01]

Bitcoin transactions are the process by which bitcoins are transferred between two parties in the Bitcoin network. Here's a simplified explanation of how it works:

Sender initiates the transaction: The sender creates a new transaction request using a Bitcoin wallet application. This transaction request includes the recipient's Bitcoin address and the amount of bitcoin to be sent.

the transaction is been initiated by the two factor both the Sender and recipent , the sender really does send the huge amount of Bitcoin to the recipent , who then recieves the confirmation and fees are been charged too

 

[microunit]

Bitcoin transaction is like, one person make a transaction and miners in the network process that transaction and make copies of the said transaction, like each miners up to 8+ would each make a copy of the transaction and record it in the database or ledger, this way the network would always check for inconsistencies in the transactions and correct them this is why it is hard to manipulate the transactions in the network

 

[Rina2]

The process doesn't alter. One message is sent, received when the network has verified it, and authenticated it. It mimics how a regular, daily bank operates. Confirmation is equally important in this case. However, the complexity of the Bitcoin network necessitates several confirmations, which frequently results in lengthy wait times.

 

[raj321]

Bitcoin is the blockchain network, which works on proof of work. its simple meaning is who ever in the network solve the problem gets rewards

 

[Japhnet]

I think transactions are recorded on the Bitcoin blockchain, a distributed ledger that is maintained by a network of computers. Transactions are processed and verified by miners, who use specialized hardware to solve complex mathematical problems. Once a transaction is verified, it is added to the blockchain as a new "block" and is made available for all to see.

 

[IB DD]

I would say that Bitcoin transactions work exactly like sending mails work. It is just that with Bitcoin transactions, miners have to confirm the transaction before it is recorded on the Blockchain and the recipient receives the Bitcoin.