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      "body": "0.1 BTC free starter bonus = 9 Th/s lifetime mining BITCOINS , offer limited time https://seebit.io/?r=56086",
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      "title": "Seeing you after long time",
      "body": "Hello friends\nHow are you all \nBack after long time\nI was out of station\nI will resume the lessons from tomorrow.\n\n\n![FB_IMG_1508507506418.jpg](https://steemitimages.com/DQmSLUa8RpYZm9V33q6SRXGdpxbPjCNJcsan6f4uXCGTanS/FB_IMG_1508507506418.jpg)",
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      "parent_permlink": "bitcoin",
      "author": "paccoin",
      "permlink": "why-i-must-wait-sometimes-for-my-transactions-to-clear-day-10",
      "title": "Why I must wait sometimes for my Transactions to clear ,Day 10",
      "body": "Day 10![images(2).jpg](https://steemitimages.com/DQmTQTVJw7VHAMAKqGjPePRhwzisdDBgApUt55eASTyNEpP/images(2).jpg)\n\nChapter 2\n\nLecture 11& 12\n\nIf you want to buy this book\n\nVisit http://www.blockcurrency.in\n\nWhy must I sometimes wait for my\n\ntransaction to clear?\n\nBecause your transaction must be\n\nverified by miners, you are sometimes\n\nforced to wait until they have finished\n\nmining. The bitcoin protocol is set so that\n\neach block takes roughly 10 minutes to\n\nmine.\n\nSome merchants may make you wait\n\nuntil this block has been confirmed,\n\nmeaning that you may have to make a\n\ncup of coffee and come back again in a\n\nshort while before you can download the\n\ndigital goods or take advantage of the\n\npaid service.\n\nOn the other hand, some merchants\n\nwon’t make you wait until the\n\ntransaction has been confirmed. They\n\neffectively take a chance on you,\n\nassuming that you won’t try and spend\n\n \n\nthe same bitcoins somewhere else before\n\n \n\nthe transaction confirms. This often\n\nhappens for low value transactions,\n\nwhere the risk of fraud isn’t as great.\n\nWhat if the input and output amounts\n\ndon’t match?\n\nBecause bitcoins exist only as records\n\nof transactions, you can end up with\n\nmany different transactions tied to a\n\nparticular bitcoin address. Perhaps “X”\n\nsent “Y” two bitcoins,\n\n“Z”sent her three\n\nbitcoins and “A” sent her a single bitcoin,\n\nall as separate transactions at separate\n\ntimes.\n\nThese are not automatically combined\n\nin “Y”\n\n,s wallet to make one file\n\ncontaining six bitcoins. They simply sit\n\nthere as different transaction records.\n\nWhen “Y” wants to send bitcoins to\n\n \n\njohn,her wallet will try to use transaction\n\n \n\nrecords with different amounts that add\n\nup to the number of bitcoins that she\n\nwants to send john.\n\nThe chances are that when “Y” wants to\n\nsend bitcoins to john, she won’t have\n\nexactly the right number of bitcoins from\n\nother transactions. Perhaps she only\n\nwants to send 1.5 BTC to john.\n\nNone of the transactions that she has\n\nin her bitcoin address are for that\n\namount, and none of them add up to that\n\namount when combined. “Y” can’t just\n\nsplit a transaction into smaller amounts.\n\nYou can only spend the whole output of a\n\ntransaction, rather than breaking it up\n\ninto smaller amounts.\n\nInstead, she will have to send one of\n\nthe incoming transactions, and then the\n\n \n\nrest of the bitcoins will be returned to\n\n \n\nher as change.\n\n“Y” sends the two bitcoins that she got\n\nfrom “X” to john. “X” is the input, and\n\njohn is the output. But the amount is only\n\n1.5 BTC, because that is all she wants to\n\nsend. So, her wallet automatically creates\n\ntwo outputs for her transaction: 1.5 BTC\n\nto john, and 0.5 BTC to a new address,\n\nwhich it created for “Y”to hold her\n\n \n\nchange from john.\n\nNext Topic\n\nAre There Any Transaction Fees.",
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      "parent_permlink": "steem",
      "author": "paccoin",
      "permlink": "what-does-a-transaction-looks-like-day-9",
      "title": "What Does a Transaction Looks Like Day 9",
      "body": "<html>\n<p>Day 9</p>\n<h2><br></h2>\n<h2><strong>LectureLecturLectureLectuLecturLectureLecturLectureLectuLectu</strong>&nbsp;</h2>\n<h2><br></h2>\n<h2><strong>Chapter 2</strong></h2>\n<h2><br></h2>\n<h2><strong>What does a transaction look like?</strong></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><strong>If Alice sends some bitcoins to Bob, that</strong></h2>\n<h2><br></h2>\n<h2><strong>transaction will have three pieces of</strong></h2>\n<h2><br></h2>\n<h2><strong>information:</strong></h2>\n<h2><br></h2>\n<h2><strong>An input. This is a record of which</strong></h2>\n<h2><br></h2>\n<h2><strong>bitcoin address was used to send the</strong></h2>\n<h2><br></h2>\n<h2><strong>bitcoins to Alice in the first place (she</strong></h2>\n<h2><br></h2>\n<h2><strong>received them from her friend, Eve).</strong></h2>\n<h2><br></h2>\n<h2><strong>An amount. This is the amount of</strong></h2>\n<h2><br></h2>\n<h2><strong>bitcoins that Alice is sending to Bob.</strong></h2>\n<h2><br></h2>\n<h2><strong>An output. This is Bob's bitcoin</strong></h2>\n<h2><br></h2>\n<h2><strong>address.</strong></h2>\n<h2><br></h2>\n<h2><strong>How is it sent</strong></h2>\n<h2><br></h2>\n<h2><strong>To send bitcoins, you need two things: a</strong></h2>\n<h2><br></h2>\n<h2><strong>bitcoin address and a private key. A</strong></h2>\n<h2><br></h2>\n<h2><strong>bitcoin address is generated randomly,</strong></h2>\n<h2><br></h2>\n<h2><strong>and is simply a sequence of letters and</strong></h2>\n<h2><br></h2>\n<h2><strong>numbers. The private key is another</strong></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><strong>sequence of letters and numbers, but</strong></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><strong>unlike your bitcoin address, this is kept</strong></h2>\n<h2><br></h2>\n<h2><strong>secret.</strong></h2>\n<h2><br></h2>\n<h2><strong>Think of your bitcoin address as a safe</strong></h2>\n<h2><br></h2>\n<h2><strong>deposit box with a glass front. Everyone</strong></h2>\n<h2><br></h2>\n<h2><strong>knows what is in it, but only the private</strong></h2>\n<h2><br></h2>\n<h2><strong>key can unlock it to take things out or put</strong></h2>\n<h2><br></h2>\n<h2><strong>things in.</strong></h2>\n<h2><br></h2>\n<h2><strong>When Alice wants to send bitcoins to</strong></h2>\n<h2><br></h2>\n<h2><strong>Bob, she uses her private key to sign a</strong></h2>\n<h2><br></h2>\n<h2><strong>message with the input (the source</strong></h2>\n<h2><br></h2>\n<h2><strong>transaction(s) of the coins), amount, and</strong></h2>\n<h2><br></h2>\n<h2><strong>output (Bob’s address).</strong></h2>\n<h2><br></h2>\n<h2><strong>She then sends them from her bitcoin</strong></h2>\n<h2><br></h2>\n<h2><strong>wallet out to the wider bitcoin network.</strong></h2>\n<h2><br></h2>\n<h2><strong>From there, bitcoin miners verify the</strong></h2>\n<h2><br></h2>\n<h2><strong>transaction, putting it into a transaction</strong></h2>\n<h2><br></h2>\n<h2><strong>block and eventually solving it.</strong></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><strong>Next Topic</strong></h2>\n<h2><br></h2>\n<h2><strong>Why must I sometimes wait for my</strong></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><br></h2>\n<h2><strong>transaction to clear?</strong></h2>\n</html>",
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      "body": "This post was resteemed by @resteembot!\nGood Luck!\n\n----\n\nCurious? Check out:\n - @resteembot : [introduction post](https://steemit.com/resteembot/@resteembot/how-to-use-resteembot-updated-2017824t202525149z)\n - @reblogger  : [introduction post](https://steemit.com/resteembot/@reblogger/reblogger-new-resteeming-bot-based-on-resteembot)\n\n----\n\nThe @resteembot users are a small but growing community.\nCheck out the other resteemed posts in resteembot's feed.\nSome of them are truly great.",
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