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I have several doubts about cryptocurrency when I started(bitcoin) reading about it. I google it around and it only added to more confusion.

  1. I am not able to understand the difference between a bitcoin transaction block and a bitcoin as a coin. Aren’t bitcoin currency also a bitcoin transaction block in case of a newly minted bitcoin?

  2. Bitcoins are mined after solving cryptographic puzzles, but in the initial days did the author(s) had to create lot of unnecessary transaction to solve the puzzles to create new coins until the general public picked it up? (Or how did they create currencies without any transactions in initial days)

I hope the questions are clear. Do let me know if it needs more editing/clarifications.


By pplny

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