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Removed the following text "tcoin ccooiinn  sssystem yysstteemm  iiss  tthis t"
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Rfurse 2017-02-07 23:00:49 -05:00 committed by GitHub
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@ -17,7 +17,7 @@ Each bitcoin transaction is therefore an _atomic state change_ applied to the UT
To make things easier for bitcoin users to understand, we say that someone is "sending" bitcoin. But in practice, bitcoin is not transmitted. Instead, a transaction simultaneously consumes outputs (perhaps those controlled by one user's wallet), while creating outputs (which may be controlled by a different user's wallet). As such, there is no time in which bitcoin is "in transit" between users or accounts. A transaction either happens, instantaneously changing the state of outputs, or it doesn't.
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==== Balances, Accounts and Outputstcoin ccooiinn sssystem yysstteemm iiss tthis t
==== Balances, Accounts and Outputs
Balances and accounts are abstractions created by wallets. A wallet counts all the unspent outputs that are controlled by the keys it contains. That sum of outputs is the "wallet balance". But nowhere in the bitcoin system is there any concept of balance, account, wallet or user.