How Bitcoin Solves the Double-Spending Problem

Bitcoin, a peer-to-peer electronic cash system, has inspired many other projects and can be seen as a pioneer of the underpinning blockchain technology. That said, it would be worth exploring how Bitcoin solves the double-spending problem. Instead of delving into theoretical exposition we will experience a transaction process in this pioneering innovation. We will be making a transaction on a real network and analyzing what a Bitcoin transaction looks like. A transaction in the Bitcoin network is a bit complex than a conventional digital transaction.

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