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How a Bitcoin Transaction is Processed - Infographic

"In essence, the (Bitcoin) Blockchain is a giant ledger that keeps track of who owns how much bitcoin. The (bit)coins themselves are not physical objects, nor even digital files, but entries in the (decentralised) blockchain ledger: owning bitcoin is merely having a claim on a piece of information sitting on the blockchain."

Source: Economist, May 2015 - Blockchain -The next big thing? Or is it?
(Scroll down for bitcoin infographic - How a Bitcoin Transaction is Processed)

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