If you would like to read a more detailed, just as simple, but much longer explanation of bitcoin I recommend this: http://www.michaelnielsen.org/ddi/how-the-b

If you would like to read a more detailed, just as simple, but much longer explanation of bitcoin I recommend this: http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-actually-works/ http://www.michaelnielsen.org/ddi/how-the-bitcoin-protocol-a...