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Figure 2-8. Alice’s transaction to Bob’s Cafe Use the following link to look up the transaction from Alice to Bob’s Cafe: https://blockchain.info/tx/ 0627052b6f28912f2703066a912ea577f2ce4da4caa5a5fbd8a57286c345c2f2 Adding the transaction to the ledger The transaction created by Alice’s wallet application is 258 bytes long and contains everything necessary to confirm ownership of the funds and assign new owners. Now, the transaction must be transmitted to the bitcoin network where it will become part of the distributed ledger, the blockchain. In the next section we will see how a transaction becomes part of a new block and how the block is “mined”. Finally, we will see how the new block, once added to the blockchain is increasingly trusted by the network as more blocks are added. Transmitting the transaction Since the transaction contains all the information necessary to process, it does not mat‐ ter how or where it is transmitted to the bitcoin network. The bitcoin network is a peer- to-peer network, with each bitcoin client participating by connecting to several other bitcoin clients. The purpose of the bitcoin network is to propagate transactions and blocks to all participants. Constructing a Transaction | 25PDF Image | Mastering Bitcoin
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