Hi all,

               Thanks a lot for your answers to my previous questions. I got good idea now.

               I have few more questions regarding Network. Could somebody spend sometime to explain these.

               1. When a Client wants to send a Transaction ( Make payment ), how it knows the IP Address of the Network to which it has to send.
                    Is there any DNS Server  managed?

               2. Where the transacation are stored before they are included in a Block.

              3. How and where the nodes can check the Transactions which have to be included in the Block

              4. If a new Miner wants to add a node, How the Miner can get the IP address of the Network to which his/her Node can be added.


Thanks & Regards

Hi all,

               Thanks a lot for your answers. I got good idea now.

               I have few more questions regarding Network. Could somebody spend sometime to explain these.

               1. When a Client wants to send a Transaction ( Make payment ), how it knows the IP Address of the Network to which it has to send.
                    Is there any DNS Server  managed?

               2. Where the transacation are stored before they are included in a Block.

              3. How and where the nodes can check the Transactions which have to be included in the Block

              4. If a new Miner wants to add a node, How the Miner can get the IP address of the Network to which his/her Node can be added.


Thanks & Regards

               

Hi,

   Thanks a lot for your explanation.

   I have further questions regarding  Block Chain.

   As per explanation about Block Chain,

A block chain is a transaction database shared by all nodes participating in a system based on the Bitcoin protocol. A full copy of a currency's block chain contains every transaction ever executed in the currency. With this information, one can find out how much value belonged to each address at any point in history.



  1) Since block Chain is a transaction database, will it be stored in all the nodes of the network i.e. all the computors of the Minors ?
 
  2) Is there any limit on transactions duration i.e since which date the transcations will be stored in a computor. If it is going to store  all the transaction for a longer period, what about the disk space of that transaction.

  3) If anybody's ( Minor's ) PC is switched off for some time, how the transactions will be synched once it is on?

  Another basic question is, since the bitcoin Network is functioning by only Minors and since the existence of all Minors in the network is optional, how the Bitcoin Network was started initially?

 Could someone can spare some time to explain this.


Thanks & Regards

Hi,
 
   I am very new to Bitcoin. Read some articles and trying to understand how Bitcoin works.

  Could someone spend some time to explain about below questions.

   1. What are the systems the BitCoin Network contains and who are managing those systems.

   2. I think any body can work as a Minor if he/she uses a PC/Laptop to add a transacation in a Block.
     If  no minor is doing this mining work, will the receives still receives his Bitcoin ( if a sender sends ).
     Can you explain how the receiver can receive the BitCoins.

    3. How the sender and receiver knows the transactions are Confirmed. Will they get any information.


Thanks in Advance.

Hi,

  I have  few questions regarding Bitcoin transactions.
   Could someone clarify in details

   1.In the transaction, when the receiver receives Bitcoin and how the receiver knows that he/she receives Bitcoin

   2. What will happen if there are no Minors in the network.

Thanks & Regards
Venkat

Hi,

  I have 2 questions regarding Bitcoin Transactions.

  Could someone clarify in detail
     
   1. How the receiver knows that he or she got the Bitcoins

   2. What will happen if there are no Minors in the network

Thanks in Advance