Post
Topic
Board Beginners & Help
Re: I will answer your nooby noob questions about bitcoin!
by
ImNotHerb
on 09/01/2013, 01:50:13 UTC
I have some questions that have to do with how new blocks are created and how the total number of bitcoins is ultimately limited to 21 million. I vaguely understand that new blocks are created through "solving a cryptographic problem" and that this takes an immense amount of computing power. But what I don't understand is what the cryptographic problem they solve is or how it was made part of the blockchain.


Wow, you don't ask for much, do you.  This is a huge topic.  Please start by reading the whitepaper...

http://bitcoin.org/bitcoin.pdf

And come back with more specific questions....
Haha I thought it might be a tall order!

Thanks for the link - I'll check out the white paper. Smiley