The Mining Pod | Blockspace Media cover image

Understanding The Lighting Network | Rusty Russell | Compass Podcast

The Mining Pod | Blockspace Media

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Do I Own My Coins?

Bitcoin is a decentralised, peer-to-peer payment system. It allows users to transfer money between each other without the need for bank transfers. Users sign transactions that give them more or less than what they are giving away at the time of their transaction. They can then swap signatures and move coins around using 'nowork' - an arrangement known as coinds.

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