Change "blockchain" to "block chain" and fix one svg

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<a href="#" onclick="faqshow(event);">How does Bitcoin mining work?</a>
<div>
<p>Bitcoin miners perform a function that is analogous to gold mining, but very different. While gold miners deal with rocks, Bitcoin miners deal with data.</p>
<p>Bitcoin mining is the mechanism that keeps everyone in the system synchronized together. To mine, computers that take part listen for transactions (ledger transfer announcements) broadcasted through the peer-to-peer network. The miners process and confirm these transactions by including them in a block and adding it to the blockchain.</p>
<p>Bitcoin mining is the mechanism that keeps everyone in the system synchronized together. To mine, computers that take part listen for transactions (ledger transfer announcements) broadcasted through the peer-to-peer network. The miners process and confirm these transactions by including them in a block and adding it to the block chain.</p>
<p>Bitcoin miners perform this labor because miners that solve a block earn (1) any transaction fees paid by customers for faster transaction processing and (2) newly created coins, issued into existence according to a fixed formula.</p>
<p>Bitcoin mining is a very competitive market. Bitcoin miners are neither able to increase their own block reward beyond the rules in the protocol nor process fraudulent transactions that could corrupt the Bitcoin network. Because anyone can become a Bitcoin miner and the Bitcoin network is the largest distributed computer network in the world, it is extremely improbable that a malicious Bitcoin miner could compromise the blockchain. Thus, Bitcoin mining is used to protect the neutrality and the consensus of the network, even if not all Bitcoin miners can be trusted.</p>
<p>Bitcoin mining is a very competitive market. Bitcoin miners are neither able to increase their own block reward beyond the rules in the protocol nor process fraudulent transactions that could corrupt the Bitcoin network. Because anyone can become a Bitcoin miner and the Bitcoin network is the largest distributed computer network in the world, it is extremely improbable that a malicious Bitcoin miner could compromise the block chain. Thus, Bitcoin mining is used to protect the neutrality and the consensus of the network, even if not all Bitcoin miners can be trusted.</p>
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<li><em><b>Low or zero fees</b></em> - Bitcoin payments currently process with either no fees or extremely small fees. Users may include fees with transactions to receive priority processing which results in faster validating and authenticating of transactions by the network. Additionally, merchant processors exist to assist merchants in processing transactions, converting bitcoins to fiat currencies with daily direct deposits to bank accounts and provide these services for much lower fees and less risk than with Paypal or credit card networks.</li>
<li><em><b>Less fees and risks for merchants</b></em> - Bitcoin transactions are secure, irreversible and do not contain customers sensitive or personal information. This protects merchants from losses caused by fraud or fraudulent chargebacks and there is no need for PCI compliance. This allows merchants to easily expand to new markets where either credit cards are not available or fraud rates are unacceptably high. The net results are lower fees, larger markets and less administrative costs.</li>
<li><em><b>More protection for consumers</b></em> - Bitcoin payments are made without needing personal information tied to the transaction. This offers strong protections against identity theft. Users are in full control of their transactions therefore it is impossible for merchants to force unwanted or unnoticed charges which can happen with either ACH debits, debit cards, Paypal or credit cards.</li>
<li><em><b>Transparency</b></em> - <a href="http://blockchain.info">All information</a> concerning the Bitcoin money supply is readily available on the blockchain for anybody to see, verify, measure, and use in real-time.</li>
<li><em><b>Distributed</b></em> - The Bitcoin ledger, commonly called the blockchain, is distributed throughout the world and stored by Bitcoin miners. This adds a level of resiliency and redundancy that is unmatched in the payments space and a payment processing network. For example, the Federal Reserve does all their payment processing at 100 Orchard Street, East Rutherford, New Jersey and have back-up systems that can be brought online within 60-90 minutes at the Federal Reserve Banks of Richmond and Dallas. If those three centers were compromised or destroyed then the entire monetary system of the Federal Reserve would be greatly impaired and probably completely nonfunctional.</li>
<li><em><b>Transparency</b></em> - <a href="http://blockchain.info">All information</a> concerning the Bitcoin money supply is readily available on the block chain for anybody to see, verify, measure, and use in real-time.</li>
<li><em><b>Distributed</b></em> - The Bitcoin ledger, commonly called the block chain, is distributed throughout the world and stored by Bitcoin miners. This adds a level of resiliency and redundancy that is unmatched in the payments space and a payment processing network. For example, the Federal Reserve does all their payment processing at 100 Orchard Street, East Rutherford, New Jersey and have back-up systems that can be brought online within 60-90 minutes at the Federal Reserve Banks of Richmond and Dallas. If those three centers were compromised or destroyed then the entire monetary system of the Federal Reserve would be greatly impaired and probably completely nonfunctional.</li>
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@ -14,14 +14,14 @@ title: How does Bitcoin work? - Bitcoin
<p><br><img src="/en/img/bitcoin_at_a_glance.svg" alt="Bitcoin overview" /></p>
<h2>Blockchain</h2>
<p>The blockchain is a <b>shared public transaction log</b> on which the entire Bitcoin network relies. All confirmed transactions are included in the blockchain with no exception. This way, new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the blockchain are enforced with <a href="/en/vocabulary#cryptography">cryptography</a>.</p>
<h2>Block chain</h2>
<p>The block chain is a <b>shared public transaction log</b> on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain with no exception. This way, new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with <a href="/en/vocabulary#cryptography">cryptography</a>.</p>
<h2>Transaction</h2>
<p>A transaction is <b>a transfer of value between Bitcoin addresses</b> that gets included in the blockchain. Bitcoin wallets keep a secret piece of data called a <a href="/en/vocabulary#private-key"><i>private key</i></a> for each Bitcoin address. Private keys are used to sign transactions, providing a mathematical proof that they come from the owner of the addresses. The <a href="/en/vocabulary#signature"><i>signature</i></a> also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and confirmed by the network in the following minutes, through a process called <a href="/en/vocabulary#mining"><i>mining</i></a>.</p>
<p>A transaction is <b>a transfer of value between Bitcoin addresses</b> that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a <a href="/en/vocabulary#private-key"><i>private key</i></a> for each Bitcoin address. Private keys are used to sign transactions, providing a mathematical proof that they come from the owner of the addresses. The <a href="/en/vocabulary#signature"><i>signature</i></a> also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and confirmed by the network in the following minutes, through a process called <a href="/en/vocabulary#mining"><i>mining</i></a>.</p>
<h2>Mining</h2>
<p>Mining is a <b>distributed consensus system</b> that is used to <a href="/en/vocabulary#confirmation"><i>confirm</i></a> waiting transactions by including them in the blockchain. It enforces a chronological order in the blockchain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a <a href="/en/vocabulary#block"><i>block</i></a> that fits very strict cryptographic rules that will be verified by the network. These rules prevent any previous block from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the blockchain. This way, no individuals can control what is included in the blockchain or replace parts of the blockchain to roll back their own spends.</p>
<p>Mining is a <b>distributed consensus system</b> that is used to <a href="/en/vocabulary#confirmation"><i>confirm</i></a> waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a <a href="/en/vocabulary#block"><i>block</i></a> that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous block from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.</p>
<h2>Going down the rabbit hole</h2>
<p>This is only a very short and concise summary of the system. If you want to get into the details, you can <a href="/bitcoin.pdf">read the original paper</a> that describes the system's design, and explore the <a href="https://en.bitcoin.it/wiki/Main_Page">Bitcoin wiki</a>.</p>

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@ -8,7 +8,7 @@ title: Vocabulary - Bitcoin
<h2>Table of contents</h2>
<div class="index">
<a href="#address">Address</a>
<a href="#blockchain">Blockchain</a>
<a href="#blockchain">Block Chain</a>
<a href="#block">Block</a>
<a href="#btc">BTC</a>
<a href="#confirmation">Confirmation</a>
@ -25,11 +25,11 @@ title: Vocabulary - Bitcoin
<h2><a name="address">Address</a></h2>
<p>A Bitcoin address is <b>like a physical address or an email</b>. It is the only information you need to provide for someone to pay you with Bitcoin.</p>
<h2><a name="blockchain">Blockchain</a></h2>
<p>The blockchain is a <b>public record of all Bitcoin transactions</b>, in chronological order. The blockchain is shared between all Bitcoin users. It is used to verify the balance of Bitcoin addresses and to prevent <a href="#double-spend">double spending</a>.</p>
<h2><a name="blockchain">Block Chain</a></h2>
<p>The block chain is a <b>public record of all Bitcoin transactions</b>, in chronological order. The block chain is shared between all Bitcoin users. It is used to verify the balance of Bitcoin addresses and to prevent <a href="#double-spend">double spending</a>.</p>
<h2><a name="block">Block</a></h2>
<p>A block is a <b>record in the blockchain that contains and confirms many waiting transactions</b>. Roughly every 10 minutes on average, a new block including transactions is appended to the <a href="#blockchain">blockchain</a> through <a href="#mining">mining</a>.</p>
<p>A block is a <b>record in the block chain that contains and confirms many waiting transactions</b>. Roughly every 10 minutes on average, a new block including transactions is appended to the <a href="#blockchain">block chain</a> through <a href="#mining">mining</a>.</p>
<h2><a name="btc">BTC</a></h2>
<p>BTC is the common unit of Bitcoin currency. It can be used similar to USD for US dollar instead of B⃦ or $.</p>
@ -38,10 +38,10 @@ title: Vocabulary - Bitcoin
<p>Confirmation means that a transaction has been <b>verified by the network and is highly unlikely to be reversed</b>. One confirmation is pretty secure. Though for larger amounts ( ex. 1000 $USD and above ), one can wait for a transaction to have more confirmations - 6 is a frequently chosen number. Each new confirmation decreases the risk of a reversal exponentially.</p>
<h2><a name="cryptography">Cryptography</a></h2>
<p>Cryptography is the branch of mathematics that lets us create <b>mathematical proofs that provide high levels of security</b>. Online commerce and banking already uses cryptography. In the case of Bitcoin, cryptography is used to make it impossible for anybody to spend funds from another user's wallet or to corrupt the <a href="#blockchain">blockchain</a>. It can also be used to encrypt a wallet, so that it cannot be used without a password.</p>
<p>Cryptography is the branch of mathematics that lets us create <b>mathematical proofs that provide high levels of security</b>. Online commerce and banking already uses cryptography. In the case of Bitcoin, cryptography is used to make it impossible for anybody to spend funds from another user's wallet or to corrupt the <a href="#blockchain">block chain</a>. It can also be used to encrypt a wallet, so that it cannot be used without a password.</p>
<h2><a name="double-spend">Double Spend</a></h2>
<p>If a malicious user tries to <b>spend their bitcoins to two different recipients at the same time</b>, this is double spending. Bitcoin <a href="#mining">mining</a> and the <a href="#blockchain">blockchain</a> are there to create a consensus on the network about which of the two transactions will win.</p>
<p>If a malicious user tries to <b>spend their bitcoins to two different recipients at the same time</b>, this is double spending. Bitcoin <a href="#mining">mining</a> and the <a href="#blockchain">block chain</a> are there to create a consensus on the network about which of the two transactions will win.</p>
</p>
<h2><a name="hash-rate">Hash Rate</a></h2>

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