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What is a Coinbase Transaction? Coinbase transaction is the first Transaction in every Block and it can only be created by the miner. Miner creates a Coinbase transaction to collect their block reward when they successfully mine a block and…

What is Bitcoin Transaction Life Cycle? Let’s understand this with an example, suppose Jane wants to send 10 Bitcoins to Alice? Jane will use a wallet service provided by Codies Alert that can create Jane’s Transaction and Broadcast it to…

What is double-spending and How does Bitcoin solve it? In simple terms, the double-spending problem is when someone is able to spend the same coin multiple times.  Let’s understand this with an example, suppose you have 1 Bitcoin in your…