Chapter 5. Transactions

This chapter covers

  • Bitcoin, or cookie token, transactions
  • Creating, confirming, and verifying transactions
  • Programming money

The cookie token payments you and your coworkers have been making so far have some serious problems. The worst is that Lisa can steal, which worries some new people. They’re hesitant to use the system if they know Lisa can steal from them.

This chapter will focus mainly on transactions (figure 5.1): pieces of data that formalize how users send payments to Lisa. Transactions replace the old email to Lisa. They’ll be stored as is in the spreadsheet instead of using the current To, From, and CT scheme. This will make it impossible for Lisa to steal other people’s money because anyone can now verify ...

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