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cryptocurrency like Bitcoin consists of a network of peers. Every peer has a record of the complete history of all transactions and thus of the balance of every account.
A transaction is a file that says, “Bob gives X Bitcoin to Alice“ and is signed by Bob‘s private key. It‘s basic public key cryptography, nothing special at all. After signed, a transaction is broadcasted in the network, sent from one peer to every other peer. This is basic p2p-technology. Nothing special at all, again.
Read more at
https://blockgeeks.com/guides/... -
endor56667yhttp://chimera.labs.oreilly.com/boo...
This is quite a good read, plenty of simple explanations on how stuff works, as well as in-depth details if you wanna go down the rabbit hole
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rant
cryptocurrency