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judymcconville@roadrunner.com 2017-04-27 15:22:59 -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
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 mining", "blocks and")))((("blockchain technology", "overview of mining", "blocks and")))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: