In this answer, I will go through the steps necessary to redeem the second output of the transaction listed above. The answer will be limited to redeeming an output of the particular type present in this transaction (an output which requires providing a new transaction signed with a private key whose corresponding public key hashes to the hash in the script of the output in question), as this answ
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Software designer with focus on user experience and security. New blog is here: oleganza.com. Bitcoin is a peer-to-peer digital currency. It does not depend on any particular organization or person and it is not backed by any commodity like gold or silver. Bitcoin is a name for both: the currency and the protocol of storage and exchange. Just like dollars or gold, Bitcoin does not have much direct
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