7. CURRENCY VS. BITCOIN
Currency:
• Money (System of money);
• Cash payments;
• Store value;
• Traded between nations
in exchange markets, which
determine the relative values of the
different currencies;
• Currency are issued by Central
Banks;
• Currencies are defined by
governments;
• High security standards;
• Unique ID for every
Banknote/Coin.
Bitcoin:
• Crypto Money – IT representation of
money;
• Online payments only;
• Store value;
• Bitcoin Exchange;
• Bitcoins can be issued by everyone
who owns a required tool;
• High security standards;
• Decentralized
13. OUTPUT
Transaction Structure
Transaction
Transaction ID (Hash)
In Out
ScriptSig
Protocol Version
Number of inputs
INPUT
Previous Output Hash
Previous Output Index
ScriptSig (Unlock Sig)
Number of outputs
Output Index
Output Address
Asset Details
ScriptPubKey (Lock Script)
Block lock time
ScriptPubKey