<description>Chapter 4. Bitcoin Keys and Addresses 
</description>

Chapter 4. Bitcoin Keys and Addresses 

<description>&lt;p&gt;Bitcoin Core: The Reference&lt;/p&gt;
&lt;p&gt;Implementation&lt;/p&gt;
</description>

Bitcoin Core: The Reference
Implementation

Chapter 3. Bitcoin Core: The Reference Implementation

<description>&lt;p&gt;&lt;strong&gt;Bitcoin Mining&lt;br&gt;
&lt;/strong&gt;&lt;br&gt;
The bitcoin system of trust is based on computation. Transactions are bundled into&lt;/p&gt;
&lt;p&gt;blocks, which require an enormous amount of computation to prove, but only a small&lt;/p&gt;
&lt;p&gt;amount of computation to verify as proven. The mining process serves two purposes&lt;/p&gt;
&lt;p&gt;in bitcoin:&lt;/p&gt;
&lt;p&gt;• Mining nodes validate all transactions by reference to bitcoin’s consensus rules.&lt;/p&gt;
&lt;p&gt;Therefore, mining provides security for bitcoin transactions by rejecting invalid&lt;/p&gt;
&lt;p&gt;or malformed transactions.&lt;/p&gt;
&lt;p&gt;• Mining creates new bitcoin in each block, almost like a central bank printing new&lt;/p&gt;
&lt;p&gt;money. The amount of bitcoin created per block is limited and diminishes with&lt;/p&gt;
&lt;p&gt;time, following a fixed issuance schedule.&lt;/p&gt;
</description>

Bitcoin Mining 
 
The bitcoin system of trust is based on computation. Transactions are bundled into
blocks, which require an enormous amount of computation to prove, but only a small
amount of computation to verify as proven. The mining process serves two purposes
in bitcoin:
• Mining nodes validate all transactions by reference to bitcoin’s consensus rules.
Therefore, mining provides security for bitcoin transactions by rejecting invalid
or malformed transactions.
• Mining creates new bitcoin in each block, almost like a central bank printing new
money. The amount of bitcoin created per block is limited and diminishes with
time, following a fixed issuance schedule.

Mastering BITCOIN

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