Visualizing How A Bitcoin Transaction Works

Tyler Durden's picture

Following our last primer on the digital currency, prices have somewhat stabilized (despite the ongoing efforts of TPTB to regulate it out of existence). The following infographic provides a step-by-step illustration of how a bitcoin transaction occurs.

 

(via bitcoincharts.com)

(click image for legible large version)

 

(h/t Dr. Constantin Gurdgiev via True Economics blog)