How does Bitcoin?

Well, this is a question that often causes confusion. Here is a quick explanation!

What is essential for a new user

As a new user, just choose a purse to be installed on your computer or mobile device. Once installed your purse, his first address Bitcoin is generated and can create more each time you need. You can send one of your Bitcoin addresses to friends so they can pay you or vice versa, you can pay your friends if you get their addresses. De facto, is quite similar to how email works. So all that's left to do now is get some bitcoins and keep them safe . To start using Bitcoin is not necessary to understand all the technical details

Chain blocks

The chain block (blockchain) is a public record share transactions in which the entire network is based Bitcoin. All committed transactions are included in the chain of blocks, bar none. In this way the new transaction can be verified, ensuring that spending is actually doing to making the payment. The integrity and the chronological order of the chain block are applied Encryption.


A transaction is a transfer of value between Bitcoin addresses included in the chain of blocks. The Bitcoin wallet keeps a secret piece of data called private key Bitcoin address for each. Private keys are used to sign transactions, providing a mathematical proof that comes from the owners of the addresses. The signature also prevents the transaction is altered by anyone once it has been issued. All transactions are transmitted between users and confirmed by the network within minutes, through a process called mining.


Mining is a Distributed system consensus used to confirm outstanding transactions to be included in the chain of blocks. Enforces a chronological order in the chain of blocks, protects net neutrality and allows all teams agree on the state of the system. To confirm transactions, they must be packed in a block that meets standards of encryption and to be verified by the network. These rules prevent any previous block is modified, because doing so would invalidate all subsequent blocks. Mining also creates the equivalent of a competitive lottery that prevents anyone can easily add new blocks consecutively in the chain of blocks. In this manner, no one can control what is included in the chain of blocks or replace parts of the chain block to reverse their own expenses. / s / like-work

The operation of the network Bitcoin


Bitcoin is based on a system “peer to peer” user or user ingenious. With no free agency behind this currency, the users are (thousands of computers worldwide) that ensure follow up, monitoring and recording of transactions. Thanks to this and a complex cryptographic system can make sure no one cheats and the currency is safe from attack, attempts to fake the duplication. Hence also comes the Latin motto that some users of the coin minted in its earliest days: “Vires in numeris”, namely, “Strength in numbers”.

It may seem strange at first because we do not usually accustomed to such concepts, but in practice the various Bitcoin applications simplify the process so that send and receive bitcoins is as easy as sending and receiving email. This not only it converts the Bitcoin system is not only safe but also easy and convenient.

Did you know that the Bitcoin protocol is completely open and transparent? Anyone can review it and make sure everything goes well. De facto, only thus could win coin trust of so many people worldwide who use it for their business, make purchases or send money to relatives.

For advanced users

The exact operation and explanation of the technical details are beyond the scope of this simple guide. However, are freely available on the Internet and can be accessed by anyone who is curious and wants to learn more about the Bitcoin network and verification mechanisms and security.

A good starting point is the Next Item the Bitcoin Wiki in Spanish, which also explains how the Bitcoin system prevents“double spending”. If you hold advanced computer skills, may also like to read this introduction about the technology behind Bitcoin. However, if this is the first time I hear about Bitcoin, I recommend that you first finish reading this guide so you can better understand the large amount of documentation that is available on the Bitcoin Wiki Spanish the English. For more information, Also be sure to check out our section “Useful Links”.

The next chapter will explain step by step how to start using Bitcoin:

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