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Showing 6 of 6 results by ghisttr
Im looking for some kind of bitcoin test client, so that I can develop an application without having to use my 'real' bitcoin wallet/address/etc to test for bugs and such. Does such a things exist?
Damn I screw up. There are 7,228,000 bitcoins. Which is worth $46,930,000 USD currently. That makes more sense.
You mean 44 million.
EDIT: Oh wait, 43 million
Thanks 
So transaction processing is lumped into mining.... but im still confused as to how confirmations tie into it. Does the first one to process a transaction get the fee?, or it it divided up among alot of people?
So transaction processing is lumped into mining.... but im still confused as to how confirmations tie into it. Does the first one to process a transaction get the fee?, or it it divided up among alot of people?
Im wondering how confirmations are done on transactions.
What I know.
I know that for newly generated coins, a certain number of blocks must be processed before the coins are considered valid.
I know that newly generated blocks also payout transaction fees.
I know that a transaction requires a certain number of confirmations before being considered valid.
I know that transaction fees are supposed to give your transaction priority and help it get confirmed faster.
What I don't know.
Who confirms the transaction, miners?, other clients?, flying spaghetti monster?
And by what process are transaction confirmed?
What I know.
I know that for newly generated coins, a certain number of blocks must be processed before the coins are considered valid.
I know that newly generated blocks also payout transaction fees.
I know that a transaction requires a certain number of confirmations before being considered valid.
I know that transaction fees are supposed to give your transaction priority and help it get confirmed faster.
What I don't know.
Who confirms the transaction, miners?, other clients?, flying spaghetti monster?
And by what process are transaction confirmed?