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Block Chain

distributed database, a list of growing records, against tampering and revision

What is mining? Mining is use your computational power to help the blockchain complete the transactions. Some bonus will come out of it.

Private key is used to identify.

It is difficult to forge the record or corrupt the data.

Wait a lot of time.

Broadcasting the transaction to the whole network.

1,000,000 bit = 1 BTC

Wallet, including private keys etc.