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25 changes: 25 additions & 0 deletions transactions_101/index.md
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# Bitcoin transactions 101

## Introduction

A transaction is a transfer of Bitcoin value that is broadcast to the network and collected into blocks. A transaction typically references previous transaction outputs as new transaction inputs and dedicates all input Bitcoin values to new outputs. Transactions are not encrypted, so it is possible to browse and view every transaction ever collected into a block. Once transactions are buried under enough confirmations they can be considered irreversible.

Standard transaction outputs nominate addresses, and the redemption of any future inputs requires a relevant signature.

All transactions are visible in the block chain, and can be viewed with a hex editor. A block chain browser is a site where every transaction included within the block chain can be viewed in human-readable terms. This is useful for seeing the technical details of transactions in action and for verifying payments.

## Background

Provide some background as to what problem will be addressed or what motivated writing this tutorial.

## Let's get started

Here is a free flow of task oriented information which runs through the steps required.

## Conclusion

In conclusion, we review the goals and purpose of the tutorial.

## Reference

Provide any references related to this tutorial.
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