Post
Topic
Board Development & Technical Discussion
Re: Verification of Coin Ownership
by
Gavin Andresen
on 17/07/2010, 20:22:59 UTC
From the wiki, "a coin is a number associated with an address."  Fine, but this doesn't answer my question.  What form does the record by which you verify that an individual who has spent a coin no longer owns it take?  Is it simply the latest associated address?
If that coin is one of the inputs to a later valid transaction, then it is spent and cannot be spent again.

That later transaction is the record that somebody spent the coin; it is signed with the private key, and that key (which Bitcoin keeps for you in your wallet) should be known only to the owner.