How does Bitcoin Blue work?
This is a question that often causes confusion. Here's a quick explanation.
Basics for the New User
As a new user, you can start using Bitcoin Blue without any technical knowledge. Once you’ve installed the Bitcoin Blue wallet on your computer or mobile device, you’ll create your first Bitcoin Blue address and can create more as needed. You can share your addresses with your friends so they can pay you back, or vice versa. In fact, this is very similar to how email works, except that Bitcoin Blue addresses can only be used once.
Balances -Blockchain
The block chain is a publicly shared bridge upon which the entire Bitcoin Blue network relies. All confirmed transactions are contained within the block chain. In this way, Bitcoin wallets can calculate their manageable balance, which holders are allowed to spend, and new transactions can be confirmed in the same way. The integrity of the block chain and its correct chronological order are literally cryptographically controlled.
Transactions - private keys
A transaction is a transfer of value between Bitcoin Blue wallets that is included in the block chain. Bitcoin Blue wallets hold a secret piece of data called a private key, or seed, which is used to sign transactions, providing mathematical proof that the transaction was executed by the wallet owner. The signature also prevents the transaction from being modified or tampered with by anyone after it is issued. All transactions are published and distributed among users and are usually confirmed by the network within the next 10 minutes, through a process called mining.
معالجة - - التنقيب
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