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judymcconville@roadrunner.com 2017-04-28 08:01:13 -07:00
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@ -233,7 +233,7 @@ If Bob's bitcoin wallet application is directly connected to Alice's wallet appl
=== Bitcoin Mining === Bitcoin Mining
((("mining and consensus", "overview of", "blocks and")))((("blockchain technology", "overview of mining", id="BToverview02")))Alice's transaction is now propagated on the bitcoin network. It does not become part of the _blockchain_ until it is verified and included in a block by a process called _mining_. See <<bitcoin_network_ch08>> for a detailed explanation. ((("mining and consensus", "overview of", "blocks")))((("blockchain technology", "overview of mining", id="BToverview02")))Alice's transaction is now propagated on the bitcoin network. It does not become part of the _blockchain_ until it is verified and included in a block by a process called _mining_. See <<bitcoin_network_ch08>> for a detailed explanation.
The bitcoin system of trust is based on computation. Transactions are bundled into _blocks_, which require an enormous amount of computation to prove, but only a small amount of computation to verify as proven. The mining process serves two purposes in bitcoin: The bitcoin system of trust is based on computation. Transactions are bundled into _blocks_, which require an enormous amount of computation to prove, but only a small amount of computation to verify as proven. The mining process serves two purposes in bitcoin: