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Although this process of paying to a public key hash (P2PKH) may seem convoluted, it allows Alice’s payment to Bob to contain only a 20 byte commitment to his public key instead of the key itself, which would’ve been 65 bytes in the original version of Bitcoin. That’s a lot less data for Bob to have to communicate to Alice.
David A. Harding • Mastering Bitcoin
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Another well-known potential solution is called the Lightning Network, which aims to do most transactions “off the blockchain” to avoid the fees and delays of transactions put on the blockchain. Each pair of people tracks their payments to each other on a digital scratchpad; they only “settle” their balances once in a while.
Neel Mehta • Blockchain Bubble or Revolution: The Future of Bitcoin, Blockchains, and Cryptocurrencies
But how does bitcoin actually work?
youtube.comCrypto
sari and • 252 cards
Peor fue minar como 35 BTC cuando estaba USD 3,50 y cómo era un quilombo cambiarlo por plata dejar abandonada la Wallet y olvidarse de todo. Le pasó a un amigo.
Guillermo Mayorazx.com📻Did you know you can send a Bitcoin transaction with a hand radio without the internet?⚡️ https://t.co/jmUaz3Cj7l
Bitaroo - Bitcoin Exchangex.com@zcash Zcash (ZEC) coin is privacy-enabled Bitcoin. When people figure out that bitcoin is not private, and Zcash, a Bitcoin fork, is private, the price of ZEC might go up just a little bit. ;)
aventurescensex.com