I heard that bitcoin is mined from blocks.I just want to know where these blocks come from?Who creating these blocks?Where are these blocks located? :prettiness:
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I heard that bitcoin is mined from blocks.I just want to know where these blocks come from?Who creating these blocks?Where are these blocks located? :prettiness:
Transaction data is permanently recorded in files called blocks. They can be thought of as the individual pages of a city recorder's recordbook (where changes to title to real estate are recorded) or a stock transaction ledger. Blocks are organized into a linear sequence over time (also known as the block chain). New transactions are constantly being processes by miners into new blocks which are added to the end of the chain and can never be changed or removed once accepted by the network (although some software will remove orphaned blocks).Quote:
Originally Posted by poeti1102
I heard that bitcoin is mined from blocks.I just want to know where these blocks come from?Who creating these blocks?Where are these blocks located? :prettiness:
- BitcoinWiki
Still don't get it because of strong explaining :surprise2:
Can we mine bitcoins? I'm not really familiar with the process of bitcoin mining...