Bitcoin is often described as a digital currency, but behind every Bitcoin payment there is a complete technical system working in the background. A Bitcoin transaction is not processed by a traditional bank or a central payment server. Instead, it is verified by a distributed network of computers and recorded on a public blockchain. For beginners, this process can look complicated at first. However, if we divide it into smaller parts, it becomes much easier to understand. In this tutorial, we will look at how a Bitcoin transaction works, what happens when a user sends BTC, how miners confirm transactions, and why blockchain confirmations are important. Figure: A Bitcoin transaction on its way from the wallet to a confirmed block. What Is a Bitcoin Transaction? A Bitcoin transaction is a d ...