What is a bitcoin transaction?

Transactions - private keys. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.

How do I deposit Bitcoin on Cash App?

Tap the Bitcoin tab on your Cash App home screen. Press Deposit Bitcoin. Scan, copy, or share your Cash App Bitcoin address with an external wallet. Confirm with your PIN or Touch ID. Bitcoin withdrawals and deposits must be enabled to get started. You can deposit up to $10,000 worth of bitcoin in any 7-day period.

How does a bitcoin wallet work?

Transactions - private keys. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued.

How is Bitcoin distributed?

Distributed: All Bitcoin transactions are recorded on a public ledger that has come to be known as the 'blockchain.' The network relies on people voluntarily storing copies of the ledger and running the Bitcoin protocol software.