Questions and Answers
What motivates miners in the Bitcoin network?
Earning rewards and transaction fees
How are miners rewarded for successfully mining a new block in Bitcoin?
With a fixed amount of bitcoins
What does a miner do after successfully mining a new block?
Broadcast the new block to the network
What does the Bitcoin sender need to do to prove ownership of the funds being transferred?
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Why do miners need to verify the new block before they start mining?
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What is the primary purpose of Proof-of-burn in Bitcoin transactions?
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What is the main purpose of Pay-to-script-hash in Bitcoin transactions?
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What is the purpose of Pay-to-multi signature in Bitcoin transactions?
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What do fully-validating nodes do in the Bitcoin network?
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How do lightweight nodes differ from fully-validating nodes in the Bitcoin network?
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What is the purpose of a nonce in the process of proof-of-work?
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In hash cash, what is the purpose of incrementing the nonce value by the email sender?
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How does blockchain resolve disagreements when chain forks occur?
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What is the purpose of using Proof-of-work in Bitcoin mining?
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What is contained in the 'Summary of payload' in a blockchain?
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What is the purpose of Bitcoin Script?
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What is UTXO in Bitcoin?
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What is the relationship between ScriptSig and ScriptPubKey in a Bitcoin transaction?
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What does a public key in Bitcoin help to verify?
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What are cryptographic keys used for in Bitcoin?
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What is the primary purpose of Proof-of-burn in Bitcoin transactions?
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How does Pay-to-script-hash enhance the flexibility and security of Bitcoin transactions?
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What capability does Pay-to-multi signature offer to Bitcoin users?
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What does it mean when a node relays a new block in the Bitcoin network?
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How do fully-validating nodes differ from lightweight nodes in the Bitcoin network?
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What is the purpose of Pay-to-Public-Key in Bitcoin transactions?
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What is the purpose of Pay-to-Public-Key in Bitcoin transactions?
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What is the main purpose of Pay-to-script-hash in Bitcoin transactions?
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What is the primary purpose of Proof-of-burn in Bitcoin transactions?
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What is the purpose of Pay-to-multi signature in Bitcoin transactions?
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How does Pay-to-script-hash enhance security in Bitcoin transactions?
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Why is Proof-of-burn considered a unique method in the context of Bitcoin transactions?
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What is the main idea behind the 'Pay-to-Public-Key' method in Bitcoin transactions?
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Why can't a sender provide a full public key in the scriptPubKey of a Bitcoin transaction?
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What does a recipient need to provide when redeeming coins sent to a Bitcoin address using 'Pay-to-Public-Key'?
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What is the primary goal of 'Pay-to-script-hash' in Bitcoin transactions?
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What is the purpose of 'Proof-of-burn' in Bitcoin transactions?
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Why is 'Pay-to-multi signature' useful in Bitcoin transactions?
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What is the main purpose of Pay-to-Public-Key in Bitcoin transactions?
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How does Pay-to-script-hash work in Bitcoin transactions?
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What is the primary purpose of Proof-of-burn in Bitcoin transactions?
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Why would one use Pay-to-multi signature in Bitcoin transactions?
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How does Pay-to-script-hash enhance security in Bitcoin transactions?
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What is the purpose of a nonce in the process of proof-of-work in Bitcoin mining?
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What is Pay-to-Public-Key in Bitcoin?
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What is the main purpose of Pay-to-script-hash in Bitcoin transactions?
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What is the primary purpose of Proof-of-burn in Bitcoin transactions?
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What is the purpose of Pay-to-multi signature in Bitcoin transactions?
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How does Pay-to-Public-Key differ from Pay-to-script-hash in Bitcoin transactions?
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What is the significance of using Pay-to-multi signature in Bitcoin transactions?
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