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@ -451,7 +451,7 @@ currencies.
[[sending_receiving]] [[sending_receiving]]
==== Sending and Receiving Bitcoin ==== Sending and Receiving Bitcoin
Alice ((("bitcoins", "sending", id="bitcoin-send")))((("sending bitcoins", id="send-bitcoin")))((("bitcoins", "receiving", id="bitcoin-receive")))((("receiving bitcoins", id="receive-bitcoin")))has Alice ((("bitcoins", "spending", id="bitcoin-send")))((("spending bitcoins", id="send-bitcoin")))((("bitcoins", "receiving", id="bitcoin-receive")))((("receiving bitcoins", id="receive-bitcoin")))has
decided to buy 0.001 bitcoins. After she and Joe check the exchange rate, decided to buy 0.001 bitcoins. After she and Joe check the exchange rate,
she gives Joe an appropriate amount of cash, opens her mobile wallet she gives Joe an appropriate amount of cash, opens her mobile wallet
application, and selects Receive. This application, and selects Receive. This
@ -503,4 +503,4 @@ transaction, Alice's wallet will indicate that it is receiving
At first, ((("bitcoins", "clearing transactions")))((("clearing transactions")))((("transactions", "clearing")))((("confirmations", see="clearing transactions")))Alice's address will show the transaction from Joe as "Unconfirmed." This means that the transaction has been propagated to the network but has not yet been recorded in the Bitcoin transaction journal, known as the blockchain. To be confirmed, a transaction must be included in a block and added to the blockchain, which happens every 10 minutes, on average. In traditional financial terms this is known as _clearing_. For more details on propagation, validation, and clearing (confirmation) of bitcoin transactions, see <<mining>>. At first, ((("bitcoins", "clearing transactions")))((("clearing transactions")))((("transactions", "clearing")))((("confirmations", see="clearing transactions")))Alice's address will show the transaction from Joe as "Unconfirmed." This means that the transaction has been propagated to the network but has not yet been recorded in the Bitcoin transaction journal, known as the blockchain. To be confirmed, a transaction must be included in a block and added to the blockchain, which happens every 10 minutes, on average. In traditional financial terms this is known as _clearing_. For more details on propagation, validation, and clearing (confirmation) of bitcoin transactions, see <<mining>>.
**** ****
Alice is now the proud owner of 0.001 BTC that she can spend. Over the next few days, Alice buys more bitcoin using an ATM and((("bitcoins", "sending", startref="bitcoin-send")))((("sending bitcoins", startref="send-bitcoin")))((("bitcoins", "receiving", startref="bitcoin-receive")))((("receiving bitcoins", startref="receive-bitcoin"))) an exchange. In the next chapter we will look at her first purchase with Bitcoin, and examine the underlying transaction and propagation technologies in more detail. Alice is now the proud owner of 0.001 BTC that she can spend. Over the next few days, Alice buys more bitcoin using an ATM and((("bitcoins", "spending", startref="bitcoin-send")))((("spending bitcoins", startref="send-bitcoin")))((("bitcoins", "receiving", startref="bitcoin-receive")))((("receiving bitcoins", startref="receive-bitcoin"))) an exchange. In the next chapter we will look at her first purchase with Bitcoin, and examine the underlying transaction and propagation technologies in more detail.