In order to send between you will need to two things: 1) a bitcoin address, 2) up private key. an individual Bitcoin address is generated randomly and is a sequence of letters and numbers on the other side of the equation, the private key is another sequence of numbers and letters but Unlike the Bitcoin address the key is kept secret. It's helpful to think of your Bitcoin address as a safety deposit Box with a glass front even throw everyone knows what's in the box only the private key can unlock it to take things out or put things in. When Jain is ready to send between two team all she has to do is use her private key to sign a message out with the input amount and output. Jain then send the points from her between valid out to the wider Bitcoin Network after that Bitcoin miners will verify the transaction by putting it into a transaction block and solving it. why do you have to wait for the transaction to clear? sometimes you are forced to wait until - finished mining what does this mean? It means it can take a bit of time for your transaction to be verified by the minors according to the Bitcoin protocol each block takes about 10 minutes to mine generally speaking there are two outcomes that you might experience some merchants ask for you to wait until this block has been conferred which means that you may have to make a cup of tea and come back again before you can download the goods or take advantage of the paid service. However, II other merchants what makes you wait until the transaction has been confirmed these are the types of merchants who assume that you won't try and find the sum Bitcoin as where before the transaction is finalized this send to happen for low value transaction. what happens if the input and output amount don't match? due to the fact that Bitcoin exist only as record of transaction it's possible that you can end up with different transaction tied to a particular Bitcoin address for instance rebecca Sent jane two Bitcoin, and lucy send her 1 Bitcoin all as separate transaction at separate time. If this were to happen these would not automatically combine in gents wallet to make one file containing vi between they would just sit there as different transaction record. If Jain wants to send between two team han Bitcoin value will try to use transaction records with different amounts that add to the number of coins that Jain was to send to team. It is rare that when Jain wants to send Bitcoins to team that she won't have the right number of Bitcoin from other transaction. are there transaction fee? sometime but not always transaction fee are calculated using a number of factor for instance some Bitcoin wallets allows you to set transaction fee manually any section of a transaction that is not picked up by the recipient or returned is brought to be a fee. This will then go to the minor who solve the transaction block as a reward. As of right now the maturity of minors process transaction for no fees however as the block reward for Bitcoin decreases this will be less likely. E money find the most frustrating but about transaction fee is the past to be that the calculation of those species was mysterious and complex it has been the result of a number of updates to the Bitcoin protocol and it has developed original. are you able to get a recipient? sadly, Bitcoin was not really made for recipients. However, payment processes like beat pay offer the advanced features that you want normally get with a native Bitcoin transaction such as receipts and order confirmation. what happen if I just want to send part of a bitcoin? it's important to remember that Bitcoins transaction are divisible the lowest you can divide your Bitcoins into a satoshi , which is 100 millions of a bitcoin additionally it is possible to send a transaction as small as 5430 satoshis on the network . Thanks
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