🪙 How the Bitcoin Blockchain Works
The image explains the basic working process of the Bitcoin blockchain.
1️⃣ Transaction Starts
When a person sends Bitcoin to another person, a transaction is created. This transaction includes details like sender, receiver, and amount.
2️⃣ Transaction Goes to Miners
The transaction is sent to a network of computers called miners. These miners verify that the sender has enough Bitcoin and that the transaction is valid.
3️⃣ Creating a Block
Verified transactions are grouped together into a block. This block contains many transactions at the same time.
4️⃣ Solving the Block Puzzle (Proof of Work)
Miners compete to solve a complex mathematical puzzle. This process is called Proof of Work.
The first miner to solve the puzzle earns a reward in Bitcoin.
5️⃣ Broadcasting to the Network
Once the puzzle is solved, the new block is shared (broadcasted) across the entire Bitcoin network. Other computers check and confirm it.
6️⃣ Block Added to the Blockchain
After verification, the block is added to the existing chain of blocks — this is called the blockchain.
Once added, the information cannot be changed.
7️⃣ Process Repeats
The system continues working like this for every new transaction. This keeps the Bitcoin network secure and decentralized.
✨ Conclusion