Bitcoin https://www.youtube.com/watch?v=GiU4b7ldKMs block chain database of bitcoin. every block added every 10 minutes on average may vary. depending if very easy or hard t create hash sha-256 chain should be longest chain so they get reward. Every block gets rewards 10 minutes 50 bitcoin and halves every 4 years. same block can be created at the same time. start working on first block that you see. Chk which form longest chain. Then all blocks stop working on other and starts working on the one that was the largest. Forking of chain is also done. Longest one wins. Transaction in bitcoin:A bitcoin uses elliptic curve(signature is shorter to control length of block chain.). A private key is 32 random bytes. A public key computed from private key. There is no cryptography in bitcoin. Only signing. Bitcoin addresses are like bank account numbers they are random and long. Calculated from a public key RIPEMD-160(SHA256(public key)). No one knows who owns which. You can have a many bitco...