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9 question about bitcoin/btc/blockchian9 Questions about bitcoin

9 Questions about bitcoin

  1. how send money to B from A online ?

    A digist signature with A’s private/secrect key(SK).

    B can valide the sign with A’s Public key (PK)

    - compute hash of received content as H1

    - decode signature/fingeprint with A’s PK as H2

    - H1 == H2 ? true : false;

  2. how to proof that A no sign this coin/money at history (double spending) without trusted third-party ?

    all pay history is public to everyone(A , B , no trusted third-party).

    check every pay/tx history

    A spend coin/utxo as txi in history tx ? return A(utxo)=>B valid false : compare next his tx.

    after check all his,no return,then return A(utxo)=>B valid true;

  3. how to order his tx ?

    - split txs, package tx set to block

  4. how to order tx in a block?

    - order by timestamp

  5. how to check tx is no modified in a block

    - merkel tree

    - link block with pre block like a chain

  6. how to select out pre block?

    - consensus 1,the longest/highest chain’s last block as pre block of will add block

  7. who add block is valid?

    - consensus 2,who first find the answer of a question.

  8. what is the question ?

    - hash all tx that will be packaged ,out merkel root.

    - find a nonce that combine merkel root and pre block hash(from consensus 1) and other argument , hash then , out H

    - H < curent diffcult nonce?nonce is answer:continue.

  9. who has more opportunity to add valid block?

    - compute hash faster / more cpu power

    - lucky