Quote from: Bitsies02 on Today at 11:02:16 AM

Am new to this crypto forum
And i wish to understand more about crypto and bitcoin.

How are transactions done in a decentralised way?
How are they verified and recorded?

I will appreciate your responses as this will help me to get more knowledge on cryptocurrencies and how they function/work

Hi and welcome to the crypto world!

What does “decentralized” mean?
It means there’s no single company or bank in charge. Instead, Bitcoin works on a global network of computers — all working together.

How do Bitcoin transactions happen?
You send Bitcoin from one wallet to another. The network checks to make sure you actually own the Bitcoin you’re sending.

How are they verified?
These checks are done by people called miners (or validators) using computers. They make sure the transaction is real and you’re not trying to cheat the system.

How is it recorded?
Once verified, your transaction is added to a public record called the blockchain — kind of like a digital notebook that everyone can see but no one can change.

I hope this helps. It may sound like a lot at first, but you’re in the right place to learn.