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[[ch02_bitcoin_overview]]
== How Bitcoin Works
=== Transactions, Blocks, Mining and the Blockchain
Bitcoin is a system based on de-centralized trust, which means that there is no central trusted authority, but instead trust is achieved as an emergent property from the interactions of different participants in the bitcoin system. In this chapter we will examine bitcoin from a high-level by tracking a single transaction through the bitcoin system and watch as it becomes "trusted" and accepted by the bitcoin mechanism of distributed consensus.