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Mastering Blockchain - Second Edition
book

Mastering Blockchain - Second Edition

by Ankur Daharwal, Imran Bashir, Pranav Burnwal
March 2018
Beginner to intermediate content levelBeginner to intermediate
656 pages
20h 9m
English
Packt Publishing
Content preview from Mastering Blockchain - Second Edition

Sending a payment to someone

This example will demonstrate that how money can be sent using Bitcoin network from one user to another. There are several steps that are involved in this process. As an example, we are using Blockchain wallet for mobile devices.

The steps are described here:

  1. First, either the payment is requested from a user by sending his Bitcoin address to the sender via email or some other means such as SMS, chat applications or in fact any appropriate communication mechanism. The sender can also initiate a transfer to send money to another user. In both cases, the address of beneficiary is required. As an example, the Blockchain wallet is shown here where a payment request is created:
bitcoin payment request (using Blockchain ...
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Publisher Resources

ISBN: 9781788839044Supplemental Content