File:Cryptocurrency transaction.jpg

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Summary

Description
English: Simplified figurative process of a Cryptocurrency transaction:
1. The sender uses his/her private key to note a transaction from him/her in the blockchain.
2. The blockchain is updated across the nodes of the network.
3. The recipient gets the transaction at his/her public address.
For simplicity, the image omits for example the fact that, after verification, an entire block of transactions are added to each node when the blockchain is updated, not each transaction individually.
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Author Mikael Häggström
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I, the copyright holder of this work, hereby publish it under the following license:
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The person who associated a work with this deed has dedicated the work to the public domain by waiving all of their rights to the work worldwide under copyright law, including all related and neighboring rights, to the extent allowed by law. You can copy, modify, distribute and perform the work, even for commercial purposes, all without asking permission.

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inception

1 February 2018

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checksum

93a05d17a7a578902bb775e1961dae36db387d18

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Date/TimeThumbnailDimensionsUserComment
current07:45, 2 February 2018Thumbnail for version as of 07:45, 2 February 20184,678 × 2,243 (1.1 MB)Mikael HäggströmAddress --> Address in blockchain document
21:19, 1 February 2018Thumbnail for version as of 21:19, 1 February 20184,678 × 2,243 (1.1 MB)Mikael HäggströmBetter in landscape
20:24, 1 February 2018Thumbnail for version as of 20:24, 1 February 20182,357 × 4,548 (1.05 MB)Mikael HäggströmUser created page with UploadWizard
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